Fisch Matthew 4

What Happened

• Matthew Fisch, CEO and director of AEye, Inc. (LIDR), was granted 1,000,000 performance stock units (PSUs) on 2026-06-01. The grant is reported as a derivative award (Form 4 code A) with an acquisition price of $0.00 — no cash changed hands. Each PSU represents the right to receive one share of common stock if and when the PSU vests.

Key Details

• Transaction date: 2026-06-01; filing date (Form 4): 2026-06-02.
• Grant: 1,000,000 PSUs; acquisition price: $0.00 (derivative grant).
• Shares owned after transaction: not specified in the provided filing details.
• Vesting conditions (footnotes): PSUs vest incrementally based on AEye’s closing price (5-day trailing average): 1/3 vests at $3.00, 1/3 at $4.00, and 1/3 at $5.00. Any PSUs not vested by December 31, 2030 will be forfeited.
• Filing timeliness: reported on 2026-06-02 for a 2026-06-01 transaction (no late filing indicated in the supplied data).

Context

• These are performance-based equity awards, not open-market purchases or immediate share issuances. PSUs only convert into actual shares if the specified stock-price targets are met within the performance window; until then they are contingent rights (derivatives). Such grants are commonly used for executive compensation and retention and do not represent an immediate cash outflow or stock sale.