Form 4: STAAR Surgical Co. Executive Nathaniel Sisitsky Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Nathaniel Sisitsky, Chief Legal Officer of STAAR Surgical Co., reports the acquisition of restricted stock units (RSUs) related to annual equity awards and a promotion.
Summary
- On March 14, 2025, Nathaniel Sisitsky, Chief Legal Officer of STAAR Surgical Co., was granted 43,989 restricted stock units (RSUs) as part of an annual equity award.
- These RSUs will vest in three equal installments: 14,663 shares on March 14, 2026, 14,663 shares on March 14, 2027, and 14,663 shares on March 14, 2028.
- Additionally, Sisitsky received 8,798 RSUs on the same date in connection with his promotion to Chief Legal Officer.
- These promotion-related RSUs will also vest in three equal installments: 2,932 shares on March 14, 2026, 2,933 shares on March 14, 2027, and 2,933 shares on March 14, 2028.
- Following these transactions, Sisitsky directly owns 52,787 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding executive compensation, indicating a neutral sentiment.
Positives
- The grant of RSUs to the Chief Legal Officer aligns his interests with those of the shareholders.
- The vesting schedule encourages long-term commitment from the executive.
Future Outlook
The document does not contain any specific forward-looking statements regarding the company's future performance.
Industry Context
This filing is a routine disclosure related to executive compensation and is common in the medical device industry.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Legal Officer | Unknown | Nathaniel Sisitsky | 03/14/2025 | Promotion |
Stakeholder Impact
- The RSU grants align management's interests with shareholders, potentially driving long-term value creation.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date of RSU grant for annual equity award and promotion. |
| 03/14/2026 | First vesting date for both annual and promotion-related RSUs (1/3 each). |
| 03/14/2027 | Second vesting date for both annual and promotion-related RSUs (1/3 each). |
| 03/14/2028 | Final vesting date for both annual and promotion-related RSUs (1/3 each). |
| 03/18/2025 | Date of Form 4 filing. |
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