Corporate GovernanceJun 22, 2026, 04:22 PM
HeartBeam Approves Performance-Based RSU and Bonus for Dr. Vajdic
AI Summary
HeartBeam, Inc. announced that its Compensation Committee approved new compensatory arrangements for Branislav Vajdic, the Company's President, Founder, and Director. These arrangements include a performance-based restricted stock unit (PRSU) award of 2,800,000 units and a transaction bonus agreement. The PRSU award vests based on specific operational, software, product-development, and clinical study milestones, as well as service conditions over three years, with provisions for accelerated vesting. The transaction bonus is contingent on achieving specified market capitalization and per-share price thresholds upon a Qualifying Change in Control.
Key Highlights
- HeartBeam approved compensatory arrangements for Branislav Vajdic, President, Founder, and Director.
- Awarded 2,800,000 performance-based restricted stock units (PRSU).
- PRSU vesting is tied to operational, software, product-development, and clinical study milestones.
- Service-based vesting occurs over three years, one-third on each anniversary.
- Accelerated vesting for PRSUs upon a Change in Control or qualifying termination.
- Approved a transaction bonus agreement contingent on market capitalization and per-share price thresholds.
- Transaction bonus payable upon a Qualifying Change in Control, mirroring stockholder consideration.
Price Impact
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