ChronoScale (CHRN) director receives 109,357-share equity grant in Form 4 filing
Rhea-AI Filing Summary
ChronoScale Corp director Davis Scott G. reported a new stock award. He received 109,357 shares of common stock at no cost as a grant or award, increasing his direct holdings to 188,134 shares. The filing also notes 373 shares held indirectly through a 401(k) account.
The shares were acquired upon vesting of performance-based restricted stock units originally granted on November 5, 2025 under ChronoScale’s Amended and Restated 2014 Equity Incentive Plan and amended on May 14, 2026, highlighting that this is a compensation-related equity vesting rather than an open-market purchase or sale.
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Insights
Director received a sizable equity vesting as routine compensation.
Davis Scott G., a director of ChronoScale Corp, acquired 109,357 shares of common stock via vesting of performance-based restricted stock units. The grant carried a reported price of $0.0000 per share, indicating a non-cash, compensation-related award rather than a market transaction.
The vesting stems from awards granted on November 5, 2025 under the Amended and Restated 2014 Equity Incentive Plan and amended on May 14, 2026. After this event, his direct holdings total 188,134 shares, with an additional 373 shares held indirectly via a 401(k) plan.
This pattern is typical of equity compensation structures that tie director pay to company performance. As there are no sales or option exercises reported and no derivative positions shown in this filing, the transaction mainly updates ownership records rather than signaling a change in the director’s market view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 109,357 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
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