AstroNova (ALOT) CEO awarded 13,115 restricted stock units vesting from 2027
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AstroNova, Inc. reported that Chief Executive Officer Jorik Ittmann acquired 13,115 restricted stock units as an equity award. Each unit represents a contingent right to receive one share of AstroNova common stock. The units vest in three equal annual installments beginning on February 26, 2027, aligning the CEO’s compensation with future company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ittmann Jorik
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 13,115 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 13,115 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of ALOT common stock. The restricted stock units vest in three equal annual installments beginning February 26, 2027.
FAQ
What insider transaction did AstroNova (ALOT) report for CEO Jorik Ittmann?
AstroNova reported that CEO Jorik Ittmann received a grant of 13,115 restricted stock units. These units are part of his equity compensation and each unit represents a contingent right to receive one share of AstroNova common stock, subject to vesting conditions over time.
How many restricted stock units did the AstroNova (ALOT) CEO receive?
The CEO received 13,115 restricted stock units. This grant represents contingent rights to 13,115 shares of AstroNova common stock, which will only be delivered as the units vest according to the schedule beginning in 2027, encouraging longer-term alignment with shareholders.
When do the AstroNova (ALOT) CEO’s restricted stock units start vesting?
The restricted stock units start vesting on February 26, 2027. Vesting occurs in three equal annual installments beginning on that date, meaning the award will fully vest over three years, subject to continued service and any additional plan conditions that may apply.
What does each restricted stock unit for AstroNova (ALOT) represent?
Each restricted stock unit represents a contingent right to receive one share of AstroNova common stock. Shares are not issued immediately; they are delivered only as the units vest over the three-year schedule starting February 26, 2027, linking compensation to future performance.
Was the AstroNova (ALOT) CEO’s Form 4 transaction a purchase or a grant?
The transaction was a grant of restricted stock units, not an open-market purchase. It is classified as an acquisition under a grant or award, with 13,115 units awarded at a stated price of zero, reflecting non-cash equity compensation to the Chief Executive Officer.