BKV (NYSE: BKV) director awarded 7,128 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MILLER CHARLES C III reported acquisition or exercise transactions in this Form 4 filing.
BKV Corp director Charles C. Miller III received a new equity grant in the form of restricted stock units. He was granted 7,128 restricted stock units of Common Stock at a price of $0.00 per unit under BKV’s non-employee director compensation program.
The units vest the day before BKV’s 2027 annual stockholder meeting, and each unit represents the right to receive one share of Common Stock upon vesting. Following this award, Miller directly holds 12,889 shares of Common Stock and indirectly holds 87,500 shares through the Miller/Allen Living Trust dated January 8, 2020.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
MILLER CHARLES C III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,128 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 12,889 shares (Direct, null);
Common Stock — 87,500 shares (Indirect, By Miller/Allen Living Trust dated January 8, 2020)
Footnotes (1)
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Key Figures
RSU grant size: 7,128 restricted stock units
Grant price per unit: $0.00 per unit
Direct holdings after grant: 12,889 shares
+2 more
5 metrics
RSU grant size
7,128 restricted stock units
Non-employee director compensation grant
Grant price per unit
$0.00 per unit
RSU award under compensation program
Direct holdings after grant
12,889 shares
Common Stock directly owned after transaction
Indirect trust holdings
87,500 shares
Common Stock held by Miller/Allen Living Trust
Vesting timing
Day prior to 2027 annual meeting
RSU vesting schedule
Key Terms
restricted stock units, non-employee director compensation program, contingent right to receive one share, indirect ownership
4 terms
restricted stock units financial
"Represents restricted stock units granted to the reporting person under the Issuer's non-employee director compensation program"
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.
non-employee director compensation program financial
"granted to the reporting person under the Issuer's non-employee director compensation program that vest the day prior"
indirect ownership financial
"indirectly holds 87,500 shares through the Miller/Allen Living Trust dated January 8, 2020"
FAQ
What did BKV (BKV) director Charles C. Miller III report in this Form 4?
Charles C. Miller III reported receiving 7,128 restricted stock units of BKV Common Stock as a grant. The award was made under BKV’s non-employee director compensation program and increases his direct equity-based interest in the company.
When do the newly granted BKV (BKV) restricted stock units vest?
The 7,128 restricted stock units vest on the day prior to BKV’s 2027 annual stockholder meeting. Vesting is contingent on the stated schedule, after which each unit converts into one share of Common Stock.
What indirect BKV (BKV) holdings does Charles C. Miller III report?
He reports indirect ownership of 87,500 BKV Common Stock shares held by the Miller/Allen Living Trust dated January 8, 2020. These shares are reported as indirectly owned, reflecting trust-held interests associated with the director.
Is the BKV (BKV) Form 4 transaction a market purchase or compensation grant?
The filing shows a compensation grant of 7,128 restricted stock units at $0.00 per unit, not a market purchase. It is part of BKV’s non-employee director compensation program, rather than an open-market buy or sell transaction.