Fisch Matthew 4

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.