CTS (CTS) CEO awarded 14,253-share restricted stock grant under 2018 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Trivedi Pratik reported acquisition or exercise transactions in this Form 4 filing.
CTS Corp President & CEO Pratik Trivedi received a grant of 14,253 shares of Common Stock valued at $60.34 per share. This restricted stock award was issued under the CTS Corporation 2018 Equity and Incentive Compensation Plan and is compensation-related rather than an open-market purchase.
The award vests ratably over three years, beginning on the first anniversary of the grant date, and requires his continued service through each vesting date. Following this grant, Trivedi directly holds 23,635 shares of CTS common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Trivedi Pratik
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 14,253 | $60.34 | $860K |
Holdings After Transaction:
Common Stock — 23,635 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 14,253 shares
Grant reference price: $60.34 per share
Post-grant holdings: 23,635 shares
+1 more
4 metrics
Restricted stock grant
14,253 shares
Common Stock award to President & CEO
Grant reference price
$60.34 per share
Price per share for the 14,253-share award
Post-grant holdings
23,635 shares
Total CTS common shares held directly after transaction
Vesting schedule
3 years, ratable
Beginning on first anniversary of grant date
Key Terms
Restricted stock award, CTS Corporation 2018 Equity and Incentive Compensation Plan, vests ratably over three years, grant date
4 terms
Restricted stock award financial
"Restricted stock award granted pursuant to the CTS Corporation 2018 Equity and Incentive Compensation Plan"
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
CTS Corporation 2018 Equity and Incentive Compensation Plan financial
"Restricted stock award granted pursuant to the CTS Corporation 2018 Equity and Incentive Compensation Plan"
vests ratably over three years financial
"that vests ratably over three years commencing on the first anniversary of the grant date"
grant date financial
"commencing on the first anniversary of the grant date, subject to the reporting person's continued service"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What did CTS (CTS) CEO Pratik Trivedi report in this Form 4 filing?
CTS President & CEO Pratik Trivedi reported receiving a grant of 14,253 shares of common stock. The shares are a restricted stock award granted as part of his equity-based compensation under the CTS Corporation 2018 Equity and Incentive Compensation Plan.
Was the CTS (CTS) CEO’s transaction a stock purchase or a compensation grant?
The transaction was a compensation-related grant, not an open-market stock purchase. It is classified as a “Grant, award, or other acquisition” of 14,253 shares of CTS common stock under the company’s 2018 Equity and Incentive Compensation Plan.
What are the vesting terms of the CTS (CTS) CEO’s restricted stock award?
The restricted stock award vests ratably over three years, starting on the first anniversary of the grant date. Vesting is contingent on Pratik Trivedi’s continued service with CTS through each applicable vesting date, as described in the filing footnote.
Under which plan was the CTS (CTS) CEO’s stock award granted?
The award was granted under the CTS Corporation 2018 Equity and Incentive Compensation Plan. This plan provides equity and incentive compensation, and the Form 4 specifies that the 14,253-share restricted stock grant was made pursuant to this framework.