Gathright Michael 4

What Happened

Michael Gathright, Chief Customer Officer at HealthEquity (HQY), was granted 15,157 restricted stock units (RSUs) effective 2026-03-25. The Form 4 reports the acquisition price as $0.00 (total reported value $0). These RSUs are awards—not an open-market purchase—and convert to shares only as they vest.

Key Details

• Transaction type: Award/Grant (code A) of 15,157 RSUs on 2026-03-25
• Reported price: $0.00 per unit; total reported acquisition value $0
• Shares owned after transaction: Not disclosed in this filing
• Vesting (footnote): Each RSU = right to one common share. 25% vests on April 1, 2027, then 6.25% vests on the first day of each calendar quarter for the next 12 quarters (completing vesting over the subsequent three years).
• Filing: Reported on Form 4 filed 2026-03-27 for the 2026-03-25 transaction (not indicated as late).

Context

RSU grants are a common form of executive compensation and do not represent immediately tradable shares until they vest. Because this is a grant (not an open-market buy), it’s a compensation event rather than a direct bullish signal from a purchase.