4/A: Neuronetics CFO Corrects Vesting Details of Performance Restricted Stock Units in Amended SEC Filing
SEC Form 4/A
Stephen Furlong, EVP, CFO and Treasurer of Neuronetics, Inc., files an amendment to a previous Form 4 to correct the vesting dates and threshold achievement percentage of a performance restricted stock unit award.
Summary
- Stephen Furlong, the EVP, CFO, and Treasurer of Neuronetics, Inc., filed an amended Form 4 with the SEC.
- The amendment corrects information regarding a performance restricted stock unit (PRSU) award granted on February 24, 2025.
- The original filing incorrectly stated the vesting dates as December 31, 2027, 2026, and 2027; the correct dates are December 31, 2025, 2026, and 2027.
- The original filing also incorrectly stated the threshold achievement for year-end cash balance as 80% of the target for each vesting year; the correct threshold is 90%.
- The PRSU award involves 78,750 shares of common stock.
- The reporting person directly owns 78,750 derivative securities following the reported transaction.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating attention to detail and compliance. It doesn't contain any inherently positive or negative news, but the correction itself is a good sign.
Industry Context
This filing is a routine disclosure related to executive compensation and is specific to Neuronetics. It doesn't directly reflect broader industry trends.
Key Dates
| Date | Description |
|---|---|
| 02/24/2025 | Date of the earliest transaction (grant date of the performance restricted stock unit). |
| 02/26/2025 | Date of original Form 4 filing which contained errors. |
| 03/13/2025 | Date of the amended Form 4/A filing. |
| 12/31/2025 | First corrected vesting date for 1/3 of the performance restricted stock unit. |
| 12/31/2026 | Second corrected vesting date for 1/3 of the performance restricted stock unit. |
| 12/31/2027 | Third corrected vesting date for 1/3 of the performance restricted stock unit. |
| 07/01/2028 | Expiration date of the performance restricted stock unit. |
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