Form 4: Waystar Director Michael Roman Receives RSU Grant

Director Michael Roman was granted 9,303 restricted stock units in Waystar Holding Corp. as part of an equity compensation award.

Summary

• Director Michael F. Roman acquired 9,303 restricted stock units (RSUs) in Waystar Holding Corp. on June 3, 2026.
• Each RSU represents a contingent right to receive one share of common stock upon settlement.
• The total beneficial ownership for the director following this transaction is 14,437 shares, which includes unvested RSUs.
• The grant was issued at a price of $0 per share.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a routine administrative filing regarding director compensation, which is neutral in terms of market impact.

Positives

• Alignment of director interests with shareholders through equity-based compensation.

Negatives

• None identified.

Risks

• Vesting of RSUs is subject to time-based conditions, specifically the earlier of June 1, 2027, or the next annual stockholder meeting.

Future Outlook

The RSUs are scheduled to vest on the earlier of June 1, 2027, or the date of the first regularly scheduled annual meeting of stockholders following the grant date.

Industry Context

StockSavvy.ai notes that equity grants to directors are standard corporate governance practices designed to incentivize long-term performance and align leadership with shareholder value.

Comparison to Industry Standards

• The grant of RSUs to non-employee directors is consistent with standard compensation practices for publicly traded technology and healthcare software companies.

Stakeholder Impact

• Minimal impact on shareholders as this is a standard equity compensation award.

Next Steps

• Vesting of the granted RSUs on June 1, 2027, or the next annual meeting.

Key Dates

Keywords

Waystar, WAY, Form 4, Insider Trading, Director Compensation, Equity Grant