Form 4: Myomo CFO David Henry Receives 70,000 Restricted Stock Units

David A. Henry, CFO of Myomo, Inc., was granted 70,000 restricted stock units (RSUs) on June 5, 2024, which vest annually over three years starting June 5, 2025.

Summary

• On June 5, 2024, David A. Henry, the Chief Financial Officer of Myomo, Inc., received a grant of 70,000 restricted stock units (RSUs).
• These RSUs represent a contingent right to receive one share of Myomo's common stock for each unit.
• The RSUs will vest in annual installments over three years, beginning on June 5, 2025.
• Following this transaction, Mr. Henry beneficially owns 414,419 shares of Myomo common stock directly.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of RSUs is a standard practice and indicates confidence in the CFO's continued contribution to the company. The vesting schedule promotes long-term alignment.

Positives

• The grant of RSUs aligns the CFO's interests with those of the shareholders, incentivizing him to work towards the company's long-term success.
• The vesting schedule encourages continued service and commitment from the CFO over the next three years.

Future Outlook

The vesting of the RSUs over the next three years suggests an expectation of continued service and contribution from the CFO.

Industry Context

Grants of restricted stock units are a common form of executive compensation in publicly traded companies, used to align management's interests with those of shareholders and incentivize long-term performance.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns management's interests with long-term company performance.
• Employees may see the grant as a sign of the company's commitment to its leadership team.

Key Dates