Director for Amesite (NASDAQ: AMST) gets 7,880 deferred stock units
Rhea-AI Filing Summary
LOSH J MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
Amesite Inc. director J. Michael Losh had 7,880 restricted stock units credited to the J. Michael Losh Irrevocable Qualified Annuity Trust #7. These units were issued as deferred stock units in lieu of cash fees for board service and are tied to the closing share price on the last day of the quarter.
Each restricted stock unit represents a contingent right to receive one share of Amesite common stock or its cash equivalent. The deferred stock units or cash equivalent will be delivered after Mr. Losh’s service on the board ends or upon an earlier change in control. Following this grant, the trust is reported as holding 90,363 deferred/restricted stock units in total, all indirectly associated with Mr. Losh.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 7,880 | $0.00 | -- |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of AMST common stock and/or the cash equivalent of such share. The reported securities were issued as "deferred stock units" in lieu of cash compensation earned for services as a director, and the number of deferred stock units received was calculated based on the closing share price on the last day of the quarter. The deferred stock units or cash equivalent will be issued to the reporting person upon completion of service as a member of the board of directors or, if earlier, a change in control.
Key Figures
Key Terms
Restricted Stock Units financial
deferred stock units financial
change in control financial
irrevocable qualified annuity trust financial
FAQ
What insider transaction did Amesite (AMST) report for J. Michael Losh?
How many Amesite (AMST) units does the Losh trust hold after this Form 4?
Is the Amesite (AMST) Form 4 for J. Michael Losh a stock purchase or sale?
How are the 7,880 Amesite (AMST) deferred stock units valued for this grant?