Aspen Aerogels grants RSUs and options to director
Aspen Aerogels director William P. Noglows reported new equity awards and updated holdings.
Rhea-AI Filing Summary
Aspen Aerogels director William P. Noglows reported new equity awards and updated holdings. He received 10,370 Restricted Stock Units as part of his annual non-employee director grant, each RSU equal to one common share upon vesting. These RSUs vest on the earlier of May 13, 2027 or the day before the 2027 annual stockholder meeting. He was also granted stock options for 8,706 shares of common stock at an exercise price of $5.40 per share, expiring on May 13, 2036, with the same vesting schedule. After these grants, he directly holds 99,357 common-related units, consisting of 88,987 shares and 10,370 RSUs, and indirectly oversees 10,000 shares in each of two separate trusts for his children.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 19,076 shares
Grant/Award
4 txns
Insider
NOGLOWS WILLIAM P
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) | 8,706 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 10,370 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Options (Right to Buy) — 8,706 contracts (Direct);
Common Stock — 99,357 shares (Direct);
Common Stock — 10,000 shares (Indirect, See footnote 3);
Common Stock — 10,000 shares (Indirect, See footnote 4)
Footnotes (5)
- F1. The reporting person was granted Restricted Stock Units ("RSUs") representing a portion of the annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy. Each RSU represents the right to receive one share of Common Stock upon vesting. These RSUs will vest on the earlier of (a) May 13, 2027, or (b) the day prior to the Issuer's annual meeting of stockholders to be held in 2027.
- F2. Represents 88,987 shares of Common Stock and 10,370 RSUs.
- F3. These shares of Common Stock are held by a Trust for the benefit of one of the reporting person's children, of which the reporting person is the Trustee.
- F4. These shares of Common Stock are held by a Trust for the benefit of another one of the reporting person's children, of which the reporting person is the Trustee.
- F5. The reporting person was granted options representing the remaining portion of the annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy. The options will vest on the earlier of (a) May 13, 2027, or (b) the day prior to the Issuer's annual meeting of stockholders to be held in 2027.
Key Figures
RSU grant size: 10,370 RSUs
Option grant size: 8,706 options
Option exercise price: $5.40 per share
+3 more
6 metrics
RSU grant size
10,370 RSUs
Annual non-employee director equity grant
Option grant size
8,706 options
Stock options granted to director on common stock
Option exercise price
<money>$5.40</money> per share
Strike price for new stock options
Option expiration
<date>May 13, 2036</date>
Expiration date of granted stock options
Direct common-related holdings
99,357 units
88,987 common shares plus 10,370 RSUs after grants
Indirect trust holdings
20,000 shares
Two child trusts holding 10,000 shares each
Key Terms
Restricted Stock Units ("RSUs"), Non-Employee Director Compensation Policy, Stock Options (Right to Buy), Trust
4 terms
Restricted Stock Units ("RSUs") financial
"The reporting person was granted Restricted Stock Units ("RSUs") representing a portion of the annual grant"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Non-Employee Director Compensation Policy financial
"annual grant of equity for service as a non-employee director pursuant to the Issuer's Non-Employee Director Compensation Policy"
Stock Options (Right to Buy) financial
"The reporting person was granted options representing the remaining portion of the annual grant of equity"
Trust financial
"These shares of Common Stock are held by a Trust for the benefit of one of the reporting person's children"
A trust is a legal setup in which one party (the trustee) holds and manages assets—like cash, stocks or property—on behalf of other people (beneficiaries) according to instructions from the person who created it (the grantor). Think of it as a locked box with a keyholder who must follow written rules; for investors it matters because trusts influence who controls and benefits from assets, affect taxes and succession, and can change how quickly or transparently shares are bought, sold or voted.
FAQ
What did Aspen Aerogels (ASPN) director William Noglows receive in this Form 4?
William Noglows received new equity awards as a non-employee director: 10,370 Restricted Stock Units and stock options over 8,706 shares. These grants represent his annual equity compensation for board service under Aspen Aerogels’ Non-Employee Director Compensation Policy.
How many Restricted Stock Units did ASPN grant to director William Noglows?
Aspen Aerogels granted William Noglows 10,370 Restricted Stock Units. Each RSU represents the right to receive one share of common stock upon vesting, forming part of his 99,357 directly reported common-related holdings after the transaction.
What are the key terms of William Noglows’ new stock options at Aspen Aerogels (ASPN)?
Noglows received stock options for 8,706 shares of Aspen Aerogels common stock at an exercise price of $5.40 per share. These options expire on May 13, 2036 and share the same vesting schedule as his new RSU award.
When do William Noglows’ new Aspen Aerogels RSUs and options vest?
Both the 10,370 RSUs and 8,706 stock options vest on the earlier of May 13, 2027 or the day prior to Aspen Aerogels’ 2027 annual meeting of stockholders, aligning his compensation with continued board service through that period.
What are William Noglows’ total direct and indirect holdings after this ASPN Form 4?
After these awards, Noglows directly holds 99,357 common-related units, consisting of 88,987 common shares and 10,370 RSUs. Indirectly, he is trustee for two separate trusts, each holding 10,000 shares of Aspen Aerogels common stock for the benefit of one child.
Are the new ASPN equity awards to William Noglows open-market purchases or compensation grants?
The Form 4 shows compensation grants, not open-market purchases. Both the 10,370 RSUs and 8,706 stock options were awarded under Aspen Aerogels’ Non-Employee Director Compensation Policy as part of Noglows’ annual equity for board service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
