Management ChangeJul 24, 2026, 04:07 PM
Inspire Medical Systems Appoints Michael H. Carrel to Board
AI Summary
Inspire Medical Systems, Inc. announced the appointment of Michael H. Carrel to its Board of Directors, effective July 20, 2026. Mr. Carrel, age 55, brings extensive experience from the medical device and technology sectors, including his current role as President and CEO of AtriCure, Inc. He will serve as a Class III director and join the Organization and Compensation Committee and Quality, Product Supply and Technology Committee. His compensation includes annual cash retainers and equity awards totaling $500,000 initially.
Key Highlights
- Michael H. Carrel appointed to Inspire Medical Systems' Board of Directors, effective immediately.
- Mr. Carrel will serve as a Class III director until the 2027 Annual Meeting of Stockholders.
- He was also appointed to the Organization and Compensation Committee and Quality, Product Supply and Technology Committee.
- Annual cash retainer for Board service is $55,000, plus $7,500 for each committee.
- Initial equity award of $300,000 in restricted stock units, vesting over three years.
- Annual equity award of $200,000 in restricted stock units, vesting on the first anniversary of grant.
Price Impact
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