Corso Joseph John 4
Research Summary
AI-generated summary
NLIGHT (LASR) CFO Joseph Corso Receives RSU Award
What Happened
- Joseph John Corso, Chief Financial Officer of NLIGHT, Inc. (LASR), received a grant of 100,000 restricted stock units (RSUs) reported on May 5, 2026. The award was recorded at $0.00 (no cash purchase). The Compensation Committee certified the performance conditions, and 100% of the RSUs are set to vest on May 14, 2026, subject to Corso’s continued service through that date.
- This was an award/grant (code A) — not a purchase or sale — so it reflects compensation rather than an outright market trade.
Key Details
- Transaction date: May 5, 2026; Form 4 filed May 7, 2026 (appears timely under the two-business-day rule).
- Consideration: $0.00 per share (RSU award). Total: 100,000 RSUs granted.
- Vesting: Committee certified performance; 100% will vest on May 14, 2026 if service condition met (Footnote F1).
- Shares owned after transaction: filing notes holdings include common stock and unvested RSUs per footnote F2 (exact post-transaction total not provided in the summary data).
- Filing type/code: Form 4, grant/award (A). No 10b5‑1 plan, tax-withholding, or sale reported in this filing.
Context
- An RSU is a promise to deliver shares at vesting; the economic value equals the company’s share price when the RSUs vest or are settled. Because this was a compensation award (not an open-market purchase), it’s primarily a pay/retention event rather than a direct insider buy or sell signal.
- Retail investors should note the RSUs are performance- and service-based; the committee has certified performance, but continued employment through May 14, 2026 is required for settlement.