Todisco Joseph 4
4 · CorMedix Inc. · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
CorMedix (CRMD) CEO Joseph Todisco Receives RSU Award
What Happened
Joseph Todisco, CEO of CorMedix Inc. (CRMD), received a grant of 225,900 restricted stock units (RSUs) on 2026-01-23 (reporting code A). As part of withholding to cover tax liabilities, 27,306 shares were surrendered/disposed at an effective price of $7.27 per share for approximately $198,515 (reporting code F).
Key Details
- Transaction date(s): 2026-01-23 (grant and tax withholding); Form 4 filed 2026-01-27.
- Award: 225,900 RSUs granted, recorded at $0.00 per share for acquisition purposes.
- Withholding: 27,306 shares withheld/disposed at $7.27 each, total ~$198,515.
- Shares owned after transaction: Not specified in the provided filing details.
- Footnote: RSUs vest 1/4 on grant date and then 1/4 each on the first, second, and third anniversaries, subject to continued employment (see F1).
- Transaction codes: A = Award/Grant, F = Tax withholding (share surrender). No late-filing flag was indicated in the summary provided.
Context
RSUs are a form of compensation — they give the holder the right to receive shares once vested, rather than representing an open-market purchase. The withholding of 27,306 shares is a routine tax payment tied to the RSU grant (a common cashless withholding method) and should not be read as an independent sale decision about the company’s prospects.
Insider Transaction Report
- Award
Common Stock
[F1]2026-01-23+225,900→ 724,899 total - Tax Payment
Common Stock
2026-01-23$7.27/sh−27,306$198,515→ 697,593 total
Footnotes (1)
- [F1]These shares represent restricted stock units granted on 01/23/2026. Each restricted stock unit represents the right to receive one share of CorMedix Inc. common stock. These restricted stock units vest 1/4 on the date of grant, and, subject to continued employment, 1/4 on the first anniversary of the date of grant, 1/4 on the second anniversary of the date of grant and 1/4 on the third anniversary of the date of grant.