Apogee exec granted 9,583 restricted shares
Lakkundi Veena M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Lakkundi Veena M reported acquisition or exercise transactions in this Form 4 filing.
APOGEE ENTERPRISES, INC. officer Veena M. Lakkundi, President of Performance Surfaces, received an award of 9,583 shares of common stock at a reference value of $35.47 per share. These shares are restricted stock granted under the 2019 Stock Incentive Plan and represent equity-based compensation.
The award vests over a three-year period, with one-third of the shares vesting on 4/30/2027, one-third on 4/30/2028, and the final third on 4/30/2029. After this grant, Lakkundi directly holds 40,464 shares of Apogee common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,583 | $35.47 | $340K |
Footnotes (2)
- F1. Shares vest over a three-year vesting period with one-third of the shares vesting on 4/30/27, 4/30/28 and 4/30/29.
- F2. Includes shares of restricted stock granted under the 2019 Stock Incentive Plan.
Key Figures
Key Terms
restricted stock financial
2019 Stock Incentive Plan financial
vesting period financial
grant, award, or other acquisition financial
FAQ
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What did APOG executive Veena Lakkundi report in this Form 4 filing?
At what price was the restricted stock award to APOG’s Veena Lakkundi valued?
Is Veena Lakkundi’s Form 4 transaction a market buy or sell of APOG stock?
Under which plan was the restricted stock grant to APOG’s Veena Lakkundi made?
AI-generated analysis. How Rhea-AI works. Not financial advice.