Director Jeffrey Niew receives 23,483-share equity grant at Commercial Vehicle Group (NASDAQ: CVGI)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Niew Jeffrey reported acquisition or exercise transactions in this Form 4 filing.
Commercial Vehicle Group, Inc. director Jeffrey Niew received an equity grant of 23,483 shares of Common Stock as compensation, reported at a price of $0.0000 per share. Following this award, he directly holds 148,768 shares.
The granted shares vest on the earlier of June 4, 2027 or the company’s 2027 Annual Meeting of Stockholders. Under the Second Amended and Restated 2020 Equity Incentive Plan, he is restricted from selling any shares awarded for at least one year after they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Niew Jeffrey
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 — 148,768 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 23,483 shares
Post-transaction holdings: 148,768 shares
Grant price per share: $0.0000 per share
+2 more
5 metrics
Equity grant size
23,483 shares
Common Stock grant to director on June 2, 2026
Post-transaction holdings
148,768 shares
Director’s direct ownership after grant
Grant price per share
$0.0000 per share
Reported transaction price for awarded shares
Vesting date
June 4, 2027
Earlier of June 4, 2027 or 2027 Annual Meeting
Post-vesting lockup
1 year minimum
No sale allowed for one year after vesting
Key Terms
Second Amended and Restated 2020 Equity Incentive Plan, vest, Annual Meeting of Stockholders, Common Stock, $0.01 par value
4 terms
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 any shares..."
vest financial
"These shares vest on the first to occur of June 4, 2027 or the 2027 Annual Meeting of Stockholders."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Annual Meeting of Stockholders regulatory
"These shares vest on the first to occur of June 4, 2027 or the 2027 Annual Meeting of Stockholders."
Common Stock, $0.01 par value financial
"security_title: Common Stock, $0.01 par value"
FAQ
What did Commercial Vehicle Group (CVGI) director Jeffrey Niew report on this Form 4?
Jeffrey Niew reported receiving a grant of 23,483 shares of Commercial Vehicle Group Common Stock. The award was recorded at $0.0000 per share and increased his direct holdings to 148,768 shares, reflecting a compensation-related equity grant rather than an open-market purchase.
Are there post-vesting sale restrictions on Jeffrey Niew’s CVGI equity award?
Yes. Under the Second Amended and Restated 2020 Equity Incentive Plan, Jeffrey Niew may not sell any shares awarded for a minimum of one year after they vest. This extends the effective holding period beyond the stated vesting date or 2027 Annual Meeting.
Was Jeffrey Niew’s CVGI equity grant an open-market purchase?
No. The Form 4 classifies the transaction with code "A" as a grant, award, or other acquisition. The shares were granted at $0.0000 per share under the company’s equity incentive plan, indicating compensation rather than an open-market stock purchase.