CFO of CTS Corp (CTS) receives 6,002-share restricted stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Agrawal Ashish reported acquisition or exercise transactions in this Form 4 filing.
CTS Corporation reported that its CFO, Ashish Agrawal, received a grant of common stock under the CTS Corporation 2018 Equity and Incentive Compensation Plan.
The award covers 6,002 shares of restricted stock at $57.15 per share. These shares vest in equal installments over three years, starting on the first anniversary of the grant date, as long as he continues in service. After this grant, Agrawal directly owns 106,744 shares of CTS common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Agrawal Ashish
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,002 | $57.15 | $343K |
Holdings After Transaction:
Common Stock — 106,744 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CTS (CTS) report for its CFO?
CTS reported that CFO Ashish Agrawal received a grant of 6,002 shares of CTS common stock as a restricted stock award. This is an equity compensation grant rather than an open-market purchase or sale of shares.
Was the CTS (CTS) CFO’s Form 4 transaction a buy or a grant?
The Form 4 shows an acquisition coded “A,” described as a grant, award, or other acquisition. A footnote clarifies this is a restricted stock award under the company’s 2018 Equity and Incentive Compensation Plan, not an open-market stock purchase.
At what price was the CTS (CTS) restricted stock award valued?
The restricted stock award to the CTS CFO was reported at a price of $57.15 per share. This per-share value is used for reporting purposes on the Form 4 and reflects the grant-date valuation of the 6,002 awarded shares.
How does the CTS (CTS) restricted stock award vest for the CFO?
The Form 4 footnote states the restricted stock award vests ratably over three years, beginning on the first anniversary of the grant date. Vesting is subject to continued service, meaning the CFO must remain with the company for the shares to fully vest.
Under which plan was the CTS (CTS) CFO’s stock award granted?
The award was granted under the CTS Corporation 2018 Equity and Incentive Compensation Plan. This plan provides for equity-based compensation, including restricted stock, to align executives’ interests with shareholders through long-term share ownership incentives.