Fisch Matthew 4
4 · AEye, Inc. · Filed Feb 11, 2026
Research Summary
AI-generated summary of this filing
AEye (LIDR) CEO Matthew Fisch Receives Award of 1.67M Stock Units
What Happened Matthew Fisch, CEO and Director of AEye, Inc. (LIDR), received two awards on Feb 11, 2026: 834,724 restricted stock units (RSUs) and 834,724 performance stock units (PSUs), for a combined 1,669,448 units. Both entries are reported at $0.00 (no cash paid). The RSUs convert one-for-one into common stock as they vest; the PSUs are economic equivalents of shares that vest only if specified share-price targets are met (or may be settled in cash if plan shares are unavailable).
Key Details
- Transaction date: 2026-02-11; reported acquisition price: $0.00 for each award.
- Award breakdown: 834,724 RSUs (time-based) + 834,724 PSUs (performance-based) = 1,669,448 total units.
- RSU vesting: 1/12th of the RSUs vest on the 15th day of the second month of each calendar quarter beginning Feb 15, 2026 (over 12 quarters).
- PSU vesting: Incremental vesting based on 5-day trailing average NASDAQ close — 1/3 at $3.00, 1/3 at $4.00, 1/3 at $5.00; any unvested PSUs forfeited after Dec 31, 2030. PSUs may be settled in cash if insufficient plan shares exist.
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Filing timeliness: Reported with a Period of Report date matching the transaction date (no late filing indicated).
Context These awards are non-cash compensation grants. RSUs provide shares on a scheduled vesting basis (time-based), while PSUs tie payoff to stock-price performance targets. Such grants are routine elements of executive pay and do not represent an open-market purchase or sale by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-11+834,724→ 1,151,703 total - Award
Performance Stock Units
[F2][F3]2026-02-11+834,724→ 834,724 totalExp: 2030-12-31→ Common Stock (834,724 underlying)
Footnotes (3)
- [F1]Represents restricted stock units which convert into common stock on a one-for-one basis at vesting. The Reporting Person received a restricted stock unit award which vests as to 1/12th of the total shares on the 15th day of the second month of each calendar quarter for a period of twelve (12) calendar quarters beginning on February 15, 2026.
- [F2]Each performance stock unit ("PSU") is the economic equivalent of a share of common stock and represents the right to receive one share of common stock at vesting, unless sufficient shares are not available in the Company's 2021 Equity Incentive Plan, in which case the PSUs will be settled in cash based on the 5-day trailing average closing price of the Company's stock.
- [F3]The PSUs will incrementally vest when the Company's closing price, as reported on NASDAQ, based on a five-day trailing average: (i) meets or exceeds $3.00 per share, as to one-third of the PSUs; (ii) meets or exceeds $4.00 per share, as to one-third of the PSUs; and (iii) meets or exceeds $5.00 per share, as to one-third of the PSUs. To the extent any PSUs have not vested by December 31, 2030, such PSUs shall be forfeited in their entirety.