ChronoScale (CHRN) CFO awarded 40,000 shares in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ChronoScale Corp Chief Financial Officer Jerome Wong reported new equity compensation and updated holdings. He received 40,000 shares of common stock at a price of $0.00 per share as a grant or award acquisition tied to performance-based restricted stock units under the company’s Amended and Restated 2014 Equity Incentive Plan. Following this award, he directly holds 64,771 shares of common stock and indirectly holds 4,184 shares through a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wong Jerome
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 40,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,771 shares (Direct, null);
Common Stock — 4,184 shares (Indirect, By 401(k))
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 40,000 shares
Grant price: $0.00 per share
Direct holdings after grant: 64,771 shares
+1 more
4 metrics
Shares granted
40,000 shares
Grant/award acquisition of common stock at $0.00 per share
Grant price
$0.00 per share
Price for 40,000-share grant tied to RSU vesting
Direct holdings after grant
64,771 shares
Common stock directly owned by CFO after transaction
Indirect 401(k) holdings
4,184 shares
Common stock held indirectly through a 401(k) account
Key Terms
performance-based restricted stock units, Amended and Restated 2014 Equity Incentive Plan, grant, award, or other acquisition, indirect ownership
4 terms
performance-based restricted stock units financial
"were acquired upon vesting of performance-based restricted stock units granted to the Reporting Person"
Performance-based restricted stock units are a type of employee equity award that converts into company shares only if predefined financial or operational targets are met over a set period. Think of it like a bonus check that becomes stock only when specific goals are hit; it ties pay to results, aligning managers’ incentives with shareholders. Investors care because these awards affect future share count, executive incentives, and signal how management’s success will be measured and rewarded.
Amended and Restated 2014 Equity Incentive Plan financial
"granted to the Reporting Person on November 5, 2025 under the Issuer's Amended and Restated 2014 Equity Incentive Plan"
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
""direct_or_indirect": "I","nature_of_ownership": "By 401(k)""
FAQ
What insider transaction did ChronoScale (CHRN) disclose for CFO Jerome Wong?
ChronoScale disclosed that CFO Jerome Wong acquired 40,000 shares of common stock as a grant or award. The shares were received at $0.00 per share in connection with vesting of performance-based restricted stock units under the company’s equity incentive plan.
What equity plan is referenced in the ChronoScale (CHRN) Form 4 for CFO Wong?
The Form 4 references ChronoScale’s Amended and Restated 2014 Equity Incentive Plan. The 40,000-share acquisition stems from performance-based restricted stock units granted under this plan that subsequently vested and were amended on May 14, 2026.