iRhythm Holdings, Inc. filed a current report on November 13, 2026, disclosing that its Board of Directors adopted a new nonqualified deferred compensation plan on November 11, 2026, with an effective date of January 1, 2027.

Key Highlights

  • Plan adopted: The iRhythm Deferred Compensation Plan was adopted by the Board of Directors on November 11, 2026, with an effective date of January 1, 2027.
  • Eligible participants: Eligible employees, including named executive officers, and non-employee directors of iRhythm Holdings, Inc. and its wholly owned subsidiaries may participate.
  • Deferral limits: Eligible employees may defer up to 80% of base salary and up to 100% of annual bonus; non-employee directors may defer up to 100% of cash fees.
  • Subsidiaries covered: The Plan provides for participation by iRhythm Technologies, Inc. and Vital Connect, Inc., both wholly owned subsidiaries of the Company.
  • Unfunded structure: The Plan is described as "unfunded," meaning participants hold only the rights of unsecured general creditors with respect to their plan accounts.
  • Company contributions: The Company reserves the right to make discretionary, matching, or other contributions to participant accounts, subject to applicable vesting conditions determined by the Company.

iRhythm Holdings Establishes Nonqualified Deferred Compensation Plan for Officers and Directors

iRhythm Holdings, Inc. (NASDAQ:IRTC), a Delaware-incorporated company headquartered in San Francisco, California, disclosed the adoption of the iRhythm Deferred Compensation Plan through a current report filed November 13, 2026. According to the filing, the Plan is sponsored by iRhythm Holdings, Inc. and extends participation to its wholly owned subsidiaries, iRhythm Technologies, Inc. and Vital Connect, Inc. The Plan is designed to allow eligible employees and non-employee directors to defer taxable income, thereby deferring income taxes and assisting in saving for retirement, as described in the filing.

Under the terms described in the filing, deferred dollar amounts are credited to a participant's plan account and notionally invested in options selected by the participant from among those offered by the Plan administrator. The account is then credited with gains or losses resulting from those investment selections. The Company stated it reserves the right, in its sole discretion, to make discretionary, matching, or other contributions to participant accounts, with any such contributions subject to vesting conditions the Company may determine.

The filing states that the Company intends to establish a trust in connection with the Plan, though assets held in that trust would remain subject to the claims of the Company's creditors in the event of insolvency. Vested amounts are generally payable either as a single lump sum or in annual installments, according to the payment election made by the participant at the time of the initial deferral, with modifications permitted in accordance with the Plan's terms. The filing notes that the full text of the Plan will be filed as an exhibit to the Company's Annual Report for the fiscal year ending December 31, 2026. The report was signed by Daniel Wilson, Chief Financial Officer.

What Was Disclosed

iRhythm Holdings, Inc. reported that its Board of Directors adopted a new nonqualified deferred compensation plan on November 11, 2026, covering eligible employees and non-employee directors of the Company and its subsidiaries, with the Plan effective January 1, 2027.