Patterson Chad 4
Research Summary
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iRhythm (IRTC) Chad Patterson, CCO & Product Officer Receives RSUs
What Happened
Chad Patterson, iRhythm’s Chief Commercial & Product Officer, received a grant of 10,870 restricted stock units (RSUs) on February 25, 2026. The RSUs were granted at $0.00 per unit (no cash paid) and therefore have no immediate purchase price or cash value on grant. This filing reports an award/acquisition (transaction code A).
Key Details
- Transaction date: 2026-02-25; Filing date: 2026-02-27 (filed within the required Form 4 timeframe).
- Grant: 10,870 RSUs; grant price reported as $0.00; total immediate cash value reported $0.
- Shares owned after transaction: Not specified in the Form 4 filing.
- Footnote: Each RSU represents a contingent right to one share. 25% vest on March 1, 2027 and the remainder vest in equal installments on each one-year anniversary thereafter, subject to continued service.
- Transaction code: A = Award/Grant.
Context
RSUs are compensation awards that convert to actual shares only if vesting conditions are met; they do not necessarily indicate immediate economic interest or intent to trade. No options were exercised and no shares were sold; this is a standard equity compensation grant rather than a market purchase or sale.