VUZI · Vuzix Corporation

0001104659-26-053193

Summary

Vuzix Corporation granted 477,178 RSUs to CEO Paul Travers and 193,258 RSUs to CFO Grant Russell on April 29, 2026, under its 2023 Equity Incentive Plan with time-based and performance-based vesting through 2028.

Key takeaways

Granted 477,178 RSUs to CEO Paul Travers on April 29, 2026.
Granted 193,258 RSUs to CFO Grant Russell on April 29, 2026.
RSUs issued under the 2023 Equity Incentive Plan.
50% of RSUs vest in thirds on Dec 15, 2026, 2027, and 2028.
Remaining 50% vest on performance achievements by Dec 31, 2028, potentially up to 150% of target.
Aligns executive incentives with long-term Company performance.

Full analysis

The grants to CEO Paul Travers and CFO Grant Russell represent significant long-term incentive compensation under the 2023 Equity Incentive Plan. With half vesting on fixed dates through 2028 and the other half tied to performance metrics achievable by year-end 2028 (potentially scaling to 150% of target), these RSUs align executive rewards directly with sustained Company performance, signaling confidence in future growth to investors.