secwatch.observer — SEC 8-K summary
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Issuer:     iRhythm Holdings, Inc. (IRTC)
CIK:        0001388658
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001388658-23-000114
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

iRhythm grants performance-based RSUs to top executives with target shares and three-year goals
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- CEO Blackford granted 48,534 target PSUs; CFO, CBLO, CCO, CMO each 13,589 target PSUs.
- PSUs vest based on three equally weighted operational goals: patient registrations, adjusted EBITDA margin, product innovations over July 2023-June 2026.
- Earned PSUs adjusted by TSR vs. S&P Healthcare Equipment Select Index; upward/downward 25% depending on percentile.
- Maximum vesting at 150% of target if all three goals achieved and TSR above 75th percentile (capped).
- Other management team members received aggregate 19,364 target PSUs under same program.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1388658/000138865823000114/0001388658-23-000114-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1388658/000138865823000114/irtc-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001388658-23-000114

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer