Pham Luan 4
4 · Byrna Technologies Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
Byrna (BYRN) President Pham Luan Receives RSU Award
What Happened
Pham Luan, President of Byrna Technologies, was granted three restricted stock unit (RSU) awards on March 17, 2026 totaling 52,028 RSUs (10,405 + 20,811 + 20,812). Each RSU is a contingent right to one share; the grants show an acquisition price of $0.00 (derivative awards) and do not represent immediate share ownership or cash value until vesting/delivery.
Key Details
- Transaction date: 2026-03-17; reported on Form 4 filed 2026-03-18 (timely filing).
- Grant amounts: 10,405; 20,811; 20,812 RSUs (total 52,028 RSUs). Price recorded: $0.00 (derivative).
- Shares owned after transaction: not specified in the filing.
- Main vesting/conditions (see filing footnotes):
- One grant (promotion-related) vests only if (i) the 90-day VWAP over the final 90 days of a one-year performance period ≥ 125% of the Issuer's closing price on 3/16/2026, and (ii) continuous service through 3/17/2027; subject to acceleration on certain change-of-control terminations.
- One grant vests in three equal service-based tranches on 3/17/2027, 3/2/2028 and 3/2/2029 (service requirement; acceleration on death/disability or certain change-of-control terminations).
- One grant is performance-based and vests 11/30/2028 if preset revenue targets for fiscal year ending 11/30/2027 are met and the officer remains employed through 11/30/2028 (or is terminated without cause after 11/30/2027); also subject to acceleration on certain events.
- Grant reason: awarded in connection with Reporting Person’s promotion to President and pursuant to the company’s Long Term Incentive Program; referenced offer letter filed as an exhibit to an 8‑K (3/19/2026).
Context
RSUs are contingent (derivative) awards that only convert into actual shares upon meeting vesting and/or performance conditions; they do not indicate an immediate purchase or sale. These grants are compensation tied to performance and continued service and may be accelerated in limited circumstances (death, disability, certain change-of-control terminations).
Insider Transaction Report
Form 4
Pham Luan
President
Transactions
- Award
Restricted Stock Units
[F1][F2]2026-03-17+10,405→ 10,405 total→ Common Stock (10,405 underlying) - Award
Restricted Stock Units
[F1][F3]2026-03-17+20,811→ 20,811 total→ Common Stock (20,811 underlying) - Award
Restricted Stock Units
[F1][F4]2026-03-17+20,812→ 20,812 total→ Common Stock (20,812 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock of Byrna Technologies Inc. (the "Issuer").
- [F2]The RSUs were granted in connection with the Reporting Person's promotion to President of the Issuer. Pursuant to the terms of an offer letter entered into effective March 17, 2026 (the "Agreement") and attached as an exhibit to the Form 8-K filed by the Issuer on March 19, 2026, the vesting of the RSUs is conditioned upon (i) the volume-weighted average price of the Issuer's common stock over the final 90 days of a one-year performance period equaling or exceeding 125% of the Issuer's closing stock price on March 16, 2026, and (ii) the Reporting Person's continuous service to the Issuer through March 17, 2027, subject to acceleration upon certain terminations following a change of control of the Issuer.
- [F3]The RSUs were granted pursuant to the Issuer's Long Term Incentive Program. They vest in three equal tranches on March 17, 2027, March 2, 2028 and March 2, 2029, subject to the Reporting Person's continuous service to the Issuer through each such vesting date. Such vesting will be accelerated upon the death or disability of the Reporting Person or upon the termination of the Reporting Person without cause or resignation by the Reporting Person for good reason within 12 months following a qualifying change of control transaction.
- [F4]The RSUs were granted pursuant to the Issuer's Long Term Incentive Program. They are performance-based and will vest on November 30, 2028 if and to the extent that (a) the Issuer achieves preset revenue levels for its fiscal year ending November 30, 2027 and (b) the Reporting Person (i) remains employed by the Issuer through November 30, 2028 or (ii) is terminated without cause after November 30, 2027. Such vesting will be accelerated upon the death or disability of the Reporting Person or upon the termination of the Reporting Person without cause or resignation by the Reporting Person for good reason within 12 months following a qualifying change of control transaction.
Signature
/s/ Lisa Klein Wager by power of attorney|2026-03-18