Commercial Vehicle Group (CVGI) director granted 23,483 shares with vesting and sale lockup
Rhea-AI Filing Summary
Cook Melanie K. reported acquisition or exercise transactions in this Form 4 filing.
Commercial Vehicle Group, Inc. director Melanie K. Cook received an equity grant of 23,483 shares of common stock at no cash cost as part of her compensation. After this award, she directly holds 133,040 shares. These granted shares vest on the earlier of June 4, 2027 or the company’s 2027 annual stockholders meeting, and under the Second Amended and Restated 2020 Equity Incentive Plan she is prohibited from selling any of the awarded shares for at least one year after they vest.
Positive
- None.
Negative
- None.
Insights
Routine director stock grant with multi‑year vesting and post‑vesting sale lockup.
Director Melanie K. Cook received 23,483 shares of Commercial Vehicle Group, Inc. common stock as a grant, increasing her direct holdings to 133,040 shares. The transaction is coded as an acquisition related to a grant or award, not an open‑market purchase.
The award vests on the earlier of June 4, 2027 or the company’s 2027 annual stockholders meeting. Plan terms further restrict any sale of these shares for at least one year after vesting, effectively extending the holding period and more closely aligning the director’s incentives with longer‑term shareholder interests.
This structure indicates standard board‑level equity compensation rather than a market signal trade. Future company disclosures about additional grants or changes to the equity plan would further clarify the longer‑term mix of cash versus stock in director pay.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock, $0.01 par value | 23,483 | $0.00 | -- |
Footnotes (1)
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