BKV Corp (BKV) President, Upstream granted 27,643 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Jacobsen Eric S reported acquisition or exercise transactions in this Form 4 filing.
BKV Corp reported that President, Upstream Eric S. Jacobsen received a grant of 27,643 restricted stock units of common stock. These units were awarded at no cash cost to him and increase his direct holdings to 277,843 shares of common stock.
The restricted stock units were granted under the BKV Corporation 2024 Equity and Incentive Compensation Plan and vest in three equal annual installments beginning on March 10, 2027. Each unit represents a contingent right to receive one share of BKV common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Jacobsen Eric S
Role
President, Upstream
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 27,643 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 277,843 shares (Direct)
Footnotes (1)
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FAQ
What did BKV (BKV) disclose about Eric S. Jacobsen in this Form 4?
BKV disclosed that President, Upstream Eric S. Jacobsen received 27,643 restricted stock units of common stock. The grant was made under the BKV Corporation 2024 Equity and Incentive Compensation Plan as part of his equity-based compensation, with future vesting conditions attached.
What type of equity award did BKV (BKV) grant to Eric S. Jacobsen?
BKV granted Eric S. Jacobsen 27,643 restricted stock units of common stock. Each restricted stock unit represents a contingent right to receive one share of BKV common stock, subject to the specified vesting schedule under the company’s 2024 Equity and Incentive Compensation Plan.
What is the vesting schedule for Eric S. Jacobsen’s new BKV restricted stock units?
The 27,643 restricted stock units granted to Eric S. Jacobsen vest in three equal annual installments. Vesting begins on March 10, 2027, with additional installments on the following anniversaries, assuming continued satisfaction of the plan’s vesting conditions and any related service requirements.
Under which plan were the new BKV restricted stock units granted to Eric S. Jacobsen?
The restricted stock units were granted under the BKV Corporation 2024 Equity and Incentive Compensation Plan. This plan provides equity-based incentives, such as restricted stock units, intended to align executive compensation with long-term shareholder interests through contingent rights to company common stock.