Penumbra (PEN) President Shruthi Narayan Receives RSU Award

What Happened Shruthi Narayan, President of Penumbra, was granted 3,060 restricted stock units (RSUs) on August 17, 2026. The award was reported as an acquisition at $0.00 per share (total cash paid $0). This is an equity compensation grant (code A), not an open-market purchase or sale.

Key Details

• Transaction date: August 17, 2026; Form 4 filed Aug 19, 2026 (appears timely).
• Award: 3,060 RSUs granted at $0.00 (no cash exchanged).
• Vesting: 1/4 of the RSUs vest annually beginning Aug 15, 2027, subject to continued service. If the announced merger closing occurs, the first two annual tranches (to the extent unvested) accelerate and vest at closing; the remaining two tranches vest on the 1st and 2nd anniversaries of the closing (subject to service).
• Portion subject to vesting: yes — these are restricted and largely unvested at grant.
• Shares owned after transaction: not specified in the provided filing.
• Additional note: the filing references 65 shares previously purchased under the Employee Stock Purchase Plan on May 19, 2026.

Context

• This is a standard equity compensation grant to an executive; it is not an indication of an immediate purchase or sale. RSUs typically align executive incentives with shareholder value as they vest.
• The potential acceleration of vesting tied to the merger closing is common in deal-related retention packages and affects when the executive can realize value from these RSUs.