BKV Corp (BKV) grants 23,496 restricted stock units to legal chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Larrick Lindsay B reported acquisition or exercise transactions in this Form 4 filing.
BKV Corp reported that Chief Legal and Admin Officer Lindsay B. Larrick received a grant of 23,496 restricted stock units of common stock at no cash cost. The award vests in three equal annual installments beginning on March 10, 2027. Following this grant, Larrick directly holds 153,313 shares of BKV common stock, reflecting routine equity-based compensation rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Larrick Lindsay B
Role
Chief Legal and Admin Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 23,496 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 153,313 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did BKV (BKV) report for Lindsay B. Larrick?
BKV disclosed that Chief Legal and Admin Officer Lindsay B. Larrick received a grant of 23,496 restricted stock units. These units are a form of equity compensation and do not involve an open-market share purchase, aligning her interests more closely with company shareholders over time.
What is the vesting schedule for Lindsay B. Larrick’s 23,496 BKV restricted stock units?
The 23,496 restricted stock units granted to Lindsay B. Larrick vest in three equal annual installments beginning on March 10, 2027. Each vested unit entitles her to receive one share of BKV common stock, encouraging longer-term retention and alignment with the company’s long-range performance.
What does each restricted stock unit granted by BKV to Lindsay B. Larrick represent?
Each restricted stock unit granted to Lindsay B. Larrick represents a contingent right to receive one share of BKV common stock with a par value of $0.01. Delivery of these shares depends on satisfying the vesting schedule beginning March 10, 2027, under the 2024 equity plan.