Director at BKV Corp (NYSE: BKV) receives 7,128 RSUs award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Davis Joseph R reported acquisition or exercise transactions in this Form 4 filing.
BKV Corp director Joseph R. Davis received an equity award of 7,128 restricted stock units (RSUs) of Common Stock. The RSUs were granted at no cash cost to him as part of the company’s non-employee director compensation program.
The RSUs vest the day before BKV Corp’s 2027 annual stockholder meeting, and each RSU represents a contingent right to receive one share of Common Stock. Following this grant, Davis directly holds 45,889 shares of BKV Corp common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Davis Joseph R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 7,128 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 45,889 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 7,128 units
Grant price: $0.0000 per share
Shares after transaction: 45,889 shares
+2 more
5 metrics
RSUs granted
7,128 units
Non-employee director compensation grant
Grant price
$0.0000 per share
Equity award, no cash paid by director
Shares after transaction
45,889 shares
Direct holdings following RSU grant
Vesting timing
Day prior to 2027 annual meeting
RSU vesting schedule for director grant
Security type
Common Stock
Underlying shares deliverable upon RSU vesting
Key Terms
restricted stock units, non-employee director compensation program, contingent right
3 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"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Common Stock"
FAQ
What did BKV (BKV) director Joseph R. Davis report in this Form 4?
BKV director Joseph R. Davis reported receiving 7,128 restricted stock units as an equity award. These RSUs were granted under BKV’s non-employee director compensation program and increase his direct holdings to 45,889 shares of the company’s common stock.
Is the BKV (BKV) Form 4 transaction a stock purchase or an award?
The transaction is an equity award, not an open-market stock purchase. Joseph R. Davis received 7,128 restricted stock units at no cash cost under BKV’s non-employee director compensation program, reflecting routine director compensation rather than a discretionary market trade.
When do the newly granted BKV (BKV) restricted stock units vest?
The 7,128 restricted stock units granted to Joseph R. Davis vest the day prior to BKV Corp’s 2027 annual stockholder meeting. Vesting timing links the award to continued board service through that meeting date for this non-employee director grant.
What does each BKV (BKV) restricted stock unit represent for the director?
Each restricted stock unit granted to Joseph R. Davis represents a contingent right to receive one share of BKV common stock. Actual shares are deliverable only upon vesting, which occurs the day before the company’s 2027 annual stockholder meeting.