CTS (CTS) Senior Vice President awarded 3,500-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CTS Corporation Senior Vice President Pratik Trivedi received an equity grant of 3,500 shares of common stock. The Form 4 reports this as an acquisition at a reference price of $57.15 per share, increasing his directly held stake to 11,438 shares.
The award is restricted stock granted under the CTS Corporation 2018 Equity and Incentive Compensation Plan. It vests in equal installments over three years, beginning on the first anniversary of the grant date, and is contingent on continued service with the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Trivedi Pratik
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,500 | $57.15 | $200K |
Holdings After Transaction:
Common Stock — 11,438 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did CTS (CTS) report for Pratik Trivedi?
CTS reported that Senior Vice President Pratik Trivedi acquired 3,500 shares of common stock as a restricted stock award. This equity grant was reported on a Form 4 and increased his directly owned holdings to 11,438 shares following the transaction.
At what price was the CTS (CTS) restricted stock award reported?
The restricted stock award to Pratik Trivedi was reported at a reference price of $57.15 per share. This price is used for reporting purposes on Form 4 and does not necessarily indicate an open-market purchase or sale transaction.
What are the vesting terms of the CTS (CTS) restricted stock granted to Pratik Trivedi?
The 3,500-share restricted stock award vests ratably over three years, starting on the first anniversary of the grant date. Vesting is contingent on continued service, meaning Trivedi must remain with CTS to receive the full benefit of the grant.
Under which plan was the CTS (CTS) restricted stock award to Pratik Trivedi granted?
The restricted stock award was granted under the CTS Corporation 2018 Equity and Incentive Compensation Plan. This plan is designed to provide equity-based incentives to executives and employees, aligning their interests with long-term shareholder value creation.