Form 4: Stereotaxis Director Menawat Receives Restricted Share Units

Director Arun Swarup Menawat of Stereotaxis, Inc. was granted 53,475 restricted share units on July 1, 2024.

Summary

• On July 1, 2024, Arun Swarup Menawat, a director of Stereotaxis, Inc., received a grant of 53,475 restricted share units.
• Each restricted share unit represents the right to receive one share of Stereotaxis common stock.
• These restricted share units vest on the earliest of (i) the fifth anniversary of the award date, (ii) the termination of the director's service on the board, or (iii) a Change of Control event.
• Following this transaction, Menawat beneficially owns 845,344 shares of Stereotaxis common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard executive compensation practices, aligning director interests with shareholders.

Positives

• The grant of restricted share units aligns the director's interests with those of the shareholders, incentivizing long-term value creation.

Future Outlook

The vesting of the restricted share units is contingent upon future events, including continued service on the board or a change of control.

Industry Context

This type of equity compensation is common for directors of publicly traded companies to align their interests with shareholders.

Stakeholder Impact

• Shareholders may view the grant of restricted share units positively as it aligns the director's interests with the company's long-term success.

Key Dates