AdvanSix (NYSE: ASIX) awards 6,207 restricted units to director
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lovett Gena C reported acquisition or exercise transactions in this Form 4 filing.
AdvanSix Inc. reported that director Gena C. Lovett received an equity grant of 6,207 shares of common stock in the form of restricted stock units under the company’s 2016 Stock Incentive Plan. These units will vest in full on June 22, 2027.
Following this award, Lovett directly holds a total of 21,369 AdvanSix shares. Because this is a compensation-related grant at no cash cost to the insider, it represents routine director equity compensation rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lovett Gena C
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, par value $0.01 | 6,207 | $0.00 | -- |
Holdings After Transaction:
Common Stock, par value $0.01 — 21,369 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock units granted: 6,207 shares
Total shares after transaction: 21,369 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Restricted stock units granted
6,207 shares
Grant of RSUs on June 22, 2026
Total shares after transaction
21,369 shares
Direct holdings following reported grant
Grant price per share
$0.00 per share
Compensation award, no cash paid by insider
RSU vesting date
June 22, 2027
Restricted stock units vest in full on this date
Key Terms
restricted stock units, 2016 Stock Incentive Plan, vest in full
3 terms
restricted stock units financial
"Grant of restricted stock units pursuant to the 2016 Stock Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2016 Stock Incentive Plan financial
"pursuant to the 2016 Stock Incentive Plan of AdvanSix Inc. and its Affiliates"
vest in full financial
"which will vest in full on June 22, 2027"
FAQ
What insider transaction did AdvanSix (ASIX) disclose for Gena C. Lovett?
AdvanSix disclosed that director Gena C. Lovett received a grant of 6,207 restricted stock units of common stock. The award was made at no cash cost to her as part of the company’s 2016 Stock Incentive Plan.
When do Gena C. Lovett’s newly granted AdvanSix (ASIX) restricted units vest?
The 6,207 restricted stock units granted to Gena C. Lovett will vest in full on June 22, 2027. Vesting means the units convert into unrestricted shares if she satisfies the applicable continued service requirements through that date.
Was Gena C. Lovett’s AdvanSix (ASIX) equity grant an open-market purchase?
No, the filing labels the transaction as a grant or award acquisition with a per-share price of $0.00. This indicates compensation-related restricted stock units rather than an open-market stock purchase by Gena C. Lovett.
Under which plan were Gena C. Lovett’s AdvanSix (ASIX) restricted units granted?
The 6,207 restricted stock units were granted under the 2016 Stock Incentive Plan of AdvanSix Inc. and its Affiliates, as Amended and Restated. This plan governs equity-based compensation awards to eligible participants.