Commercial Vehicle Group (CVGI) director receives 23,483-share equity grant with delayed vesting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
RANCOURT WAYNE M reported acquisition or exercise transactions in this Form 4 filing.
Commercial Vehicle Group, Inc. director Wayne M. Rancourt reported an equity award of 23,483 shares of common stock on June 2, 2026. The shares vest on the first to occur of June 4, 2027 or the company’s 2027 annual meeting of stockholders, and cannot be sold for at least one year after vesting under the Second Amended and Restated 2020 Equity Incentive Plan. Following this grant, Rancourt directly holds 256,738 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RANCOURT WAYNE M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value | 23,483 | $0.00 | -- |
Holdings After Transaction:
Common Stock, $0.01 par value — 256,738 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 23,483 shares
Grant price per share: $0.00 per share
Shares after transaction: 256,738 shares
+2 more
5 metrics
Shares granted
23,483 shares
Equity award on June 2, 2026
Grant price per share
$0.00 per share
Director stock award, non-cash
Shares after transaction
256,738 shares
Direct holdings following grant
Vesting date trigger
June 4, 2027
Or 2027 annual stockholders’ meeting, whichever occurs first
Post-vesting lockup
1 year
Minimum holding period after vesting under equity plan
Key Terms
Grant, award, or other acquisition, vesting, Second Amended and Restated 2020 Equity Incentive Plan, Form 4
4 terms
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
vesting financial
"These shares vest on the first to occur of June 4, 2027 or the 2027 Annual Meeting"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
Second Amended and Restated 2020 Equity Incentive Plan financial
"However, pursuant to the Second Amended and Restated 2020 Equity Incentive Plan, the Reporting Person may not sell"
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did CVGI director Wayne M. Rancourt report?
Wayne M. Rancourt reported an acquisition of 23,483 shares of Commercial Vehicle Group common stock as a grant or award. The shares were issued at no cash cost per share as part of his director compensation.
What does transaction code "A" mean in Wayne M. Rancourt’s CVGI Form 4?
Transaction code “A” indicates a grant, award, or other acquisition of shares, not an open-market purchase. For Wayne M. Rancourt, the 23,483 shares were granted as compensation rather than bought on the market.