CTS Corp (NYSE: CTS) HR VP reports 548 restricted shares
Rhea-AI Filing Summary
CTS CORP (CTS) reported an initial ownership statement for Heather Pehlke Spitler, Vice President-Human Resources. She holds 548 shares of restricted common stock, granted before she became subject to Section 16. This award was granted under the CTS Corporation 2018 Equity and Incentive Compensation Plan and is scheduled to vest ratably over three years commencing on the first anniversary of the grant date, June 1, 2027, subject to her continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Spitler Heather Pehlke
Role
Vice President-Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 548 shares (Direct)
Footnotes (1)
- F1. Includes 548 shares of restricted stock granted prior to the reporting person becoming subject to Section 16 of the Securities Exchange Act of 1934. The restricted stock award was granted pursuant to the CTS Corporation 2018 Equity and Incentive Compensation Plan that vests ratably over three years commencing on the first anniversary of the grant date, June 1, 2027, subject to the reporting person's continued service through such date.
Key Figures
Restricted common stock holdings: 548 shares
Vesting period: 3 years
Vesting commencement date: June 1, 2027
3 metrics
Restricted common stock holdings
548 shares
Directly held shares of restricted common stock reported on Form 3
Vesting period
3 years
Restricted stock vests ratably over three years commencing on first anniversary of grant date
Vesting commencement date
June 1, 2027
First anniversary of the grant date when ratable vesting begins, subject to continued service
Key Terms
restricted stock, Section 16 of the Securities Exchange Act of 1934, Equity and Incentive Compensation Plan
3 terms
restricted stock financial
"Includes 548 shares of restricted stock granted prior to the reporting person"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
Section 16 of the Securities Exchange Act of 1934 regulatory
"prior to the reporting person becoming subject to Section 16 of the Securities"
A provision of federal securities law that requires company insiders—directors, officers and large shareholders—to publicly report their stock holdings and trades and to surrender any “short-swing” profits from purchases and sales within a six-month window. It acts like a rule that forces leaders to announce their trades and prevents quick buy-sell windfalls, giving investors transparency into insider activity and reducing opportunities for unfair gain.
Equity and Incentive Compensation Plan financial
"granted pursuant to the CTS Corporation 2018 Equity and Incentive Compensation Plan"
FAQ
What does the Form 3 filing disclose for CTS (CTS)?
It discloses that Heather Pehlke Spitler, Vice President-Human Resources of CTS CORP, beneficially owns 548 shares of restricted common stock, reported as her initial statement of beneficial ownership under Section 16.
What type of CTS (CTS) equity award does Heather Pehlke Spitler hold?
She holds restricted stock granted under the CTS Corporation 2018 Equity and Incentive Compensation Plan. The filing specifies that all 548 shares are restricted stock rather than options or other derivatives.
What is the vesting schedule for Heather Pehlke Spitler’s CTS (CTS) restricted stock?
The 548 restricted shares vest ratably over three years, commencing on the first anniversary of the grant date, June 1, 2027, and are subject to her continued service through each vesting date.
AI-generated analysis. How Rhea-AI works. Not financial advice.