TIMMINS MEGAN C. 4/A
4/A · ROCKWELL MEDICAL, INC. · Filed Apr 17, 2026
Research Summary
AI-generated summary of this filing
Rockwell Medical (RMTI) Insider Megan C. Timmins Receives Award
What Happened Megan C. Timmins (insider) received a grant of 97,500 performance-based restricted stock units (PSUs) on 2025-05-20. The grant is reported as a derivative award with an acquisition price of $0.00 (initial reported value $0). This is a grant/award rather than an open-market purchase or sale — the units convert to shares only if performance conditions are satisfied.
Key Details
- Transaction date: 2025-05-20 (reported via amended Form 4 filed 2026-04-17). The filing amends an earlier Form 4 because the award was inadvertently omitted originally (i.e., late/amended filing).
- Award: 97,500 PSUs; reported as "Grant, award or other acquisition (A)" and classified as a derivative security.
- Reported price/value: $0.00 at grant (no immediate cash exchanged; contingent award).
- Shares owned after transaction: Not specified in the provided excerpt of the filing.
- Footnote (important): PSUs vest only if a stock-price performance hurdle is met during the three-year performance period; the base price is $2.14 and the hurdle requires the 60-day average closing price to reach two times the base ($4.28) during the period. PSUs may vest on/after the first anniversary only if hurdle met; any unvested PSUs remaining after the third anniversary are cancelled.
Context PSUs are contingent awards: they provide potential future shares if specified performance targets are met, so they do not represent immediate share ownership or a cash investment by the insider. Amended/late filings are administrative corrections and do not by themselves indicate trading intent.
Insider Transaction Report
- Award
Performance-based restricted stock units
[F1]2025-05-20+97,500→ 97,500 totalExp: 2028-05-20→ Common Stock (97,500 underlying)
Footnotes (1)
- [F1]These are performance-based restricted stock units ("PSU") with terms as follows. The term of each PSU award runs from the grant date through the third anniversary of the grant date. Any unvested PSUs remaining after the third anniversary will be cancelled. The performance period for the award is the same three-year period. PSUs will vest on or after the first anniversary of the grant date only if the stock price meets the performance hurdle. The performance hurdle is met if the average closing price of the Company's common stock over any 60 consecutive trading days during the performance period equals two times the base price. The base price was calculated as the average closing price over the ten trading days ending on the trading day prior to the grant date and is $2.14 for this award.