Allen Dick 4
Research Summary
AI-generated summary
Tandem Diabetes (TNDM) Chair Emeritus Allen Dick Receives RSUs, Exercises
What Happened
- Allen Dick, Chair Emeritus of Tandem Diabetes Care, was granted 10,220 restricted stock units (RSUs) on May 20, 2026 and, on May 21, 2026, had 8,759 previously granted RSUs vest and convert into common shares. The conversion entries show $0.00 per share — typical for RSU vesting/conversion — and the newly converted shares were transferred to the Allen Family Trust.
Key Details
- Transactions reported: Grant (A) of 10,220 RSUs on 2026-05-20; Exercise/conversion (M) of 8,759 RSUs on 2026-05-21 (listed as both acquired and disposed on that date). Price: $0.00 per share for all entries (no cash paid/received).
- Vesting schedule: The 10,220 RSUs granted 5/20/2026 vest on the one-year anniversary (per filing). The 8,759 RSUs were originally granted 5/21/2025 and vested/converted on 5/21/2026.
- Securities disposition: Footnote indicates the securities are held by the Allen Family Trust dated October 12, 1981 (transfer target).
- Ownership after transaction: The filing does not disclose a total “owned following reported transaction” balance in the provided summary.
- Timeliness: Filing date is 2026-05-22 for transactions on 5/20 and 5/21 — the Form 4 was filed timely.
- Form notes: RSUs may convert to shares or cash at the issuer’s discretion under the 2023 Long-Term Incentive Plan; Exhibits include a Power of Attorney.
Context
- These entries reflect an equity award grant and the normal vesting/conversion of RSUs (a non‑cash event), not an open‑market buy or cash sale. For retail investors, such grants/vests show executive compensation activity and transfers to a family trust, but they do not by themselves indicate buying pressure or a cash monetization of shares.
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