Research Summary
AI-generated summary of this SEC filing
Vuzix (VUZI) Director Harned Receives 29,412 RSU Award
What Happened
Director Timothy Heydenreich Harned was granted 29,412 restricted stock units (RSUs) by Vuzix Corp (VUZI) on July 15, 2026. The RSUs were reported as an award (code A) with an acquisition price of $0.00 (no immediate cash paid). Each RSU represents a contingent right to one share upon vesting; the award has a scheduled vest date of June 30, 2027, subject to Harned’s continued service.
Key Details
- Transaction date: July 15, 2026; Form 4 filed July 20, 2026.
- Transaction type/code: Award (A) — 29,412 RSUs granted at $0.00 (no immediate cash value).
- Vesting: 29,412 RSUs vest on June 30, 2027, subject to continued service (Footnote 1).
- Holdings after grant: 318,158 shares of common stock plus 29,412 unvested RSUs = 347,570 total reported (Footnote 2).
- Filing timing: Filed 5 days after the transaction date; Form 4s are generally due within two business days, so this filing appears later than the usual deadline.
- No 10b5-1 plan, tax-withholding sale, or immediate sale noted in the filing.
Context
This was an equity award (unvested RSUs), not a market purchase or sale. RSU grants are a common form of long-term compensation and do not represent immediately tradable shares until they vest. The award increases Harned’s potential future stake if he remains employed/serves through the vest date.