Tierney Conor B 4
4 · AEye, Inc. · Filed Jun 2, 2026
Research Summary
AI-generated summary of this filing
AEye (LIDR) CFO Conor Tierney Receives 500,000 Performance PSUs
What Happened
Conor B. Tierney, AEye's Treasurer and Chief Financial Officer, was granted 500,000 performance stock units (PSUs) on June 1, 2026. The Form 4 reports this as a derivative award (500,000 units @ $0.00); no cash was paid. Each PSU represents the right to receive one share of common stock if and when the performance and vesting conditions are met.
Key Details
- Transaction date: 2026-06-01. Filing date: 2026-06-02 (filed the next day; timely).
- Transaction type/code: A — Award/Grant of 500,000 PSUs (derivative), reported at $0.00.
- Shares owned after the transaction: Not specified in the Form 4 filing.
- Vesting/performance terms (from footnotes): each PSU equals one share at vesting (F1). PSUs vest incrementally if AEye’s five-day trailing NASDAQ closing price meets or exceeds $3.00 (1/3), $4.00 (1/3), and $5.00 (1/3). Any unvested PSUs are forfeited if not vested by December 31, 2030 (F2).
- No 10b5-1 plan, sale, tax withholding or cashless exercise noted in the filing.
Context
These PSUs are conditional—they do not convert into actual shares unless specified price hurdles are met within the stated period—so they are a future, performance-based form of compensation rather than an immediate purchase of stock. If fully vested and settled in shares, they could increase AEye’s outstanding share count (potential dilution). The filing is informational and does not, by itself, indicate the insider’s trading view.
Insider Transaction Report
- Award
Performance Stock Units
[F1][F2]2026-06-01+500,000→ 708,713 totalExp: 2030-12-31→ Common Stock (500,000 underlying)
Footnotes (2)
- [F1]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.
- [F2]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.