BKV Corp (BKV) grants 6,910 restricted stock units to Chief Accounting Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Turcotte Barry S. reported acquisition or exercise transactions in this Form 4 filing.
BKV Corp reported that Chief Accounting Officer Barry S. Turcotte received a grant of 6,910 shares of common stock in the form of restricted stock units under the BKV Corporation 2024 Equity and Incentive Compensation Plan. These RSUs vest in three equal annual installments beginning on March 10, 2027. Each restricted stock unit represents a right to receive one share of common stock at vesting. Following this award, Turcotte directly holds 22,008 shares of BKV common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Turcotte Barry S.
Role
Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,910 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 22,008 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BKV (BKV) disclose for Barry S. Turcotte?
BKV disclosed that Chief Accounting Officer Barry S. Turcotte received 6,910 restricted stock units of common stock. The award was granted at no cash cost and is part of his equity compensation under the company’s 2024 Equity and Incentive Compensation Plan.
How do the new restricted stock units for BKV’s CAO vest?
The 6,910 restricted stock units granted to BKV’s Chief Accounting Officer vest in three equal annual installments. Vesting begins on March 10, 2027, meaning one-third of the units become shares each year over a three-year period.
What does each BKV restricted stock unit granted to the CAO represent?
Each restricted stock unit granted to BKV’s Chief Accounting Officer represents a contingent right to receive one share of BKV common stock. The shares are delivered only if and when the units vest under the stated three-year vesting schedule.