Commercial Vehicle Group (CVGI) director receives 23,483-share equity award with vesting lockup
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Johnson William reported acquisition or exercise transactions in this Form 4 filing.
Commercial Vehicle Group, Inc. director William Johnson reported an equity award of 23,483 shares of common stock, granted at no cash cost, increasing his direct holdings to 136,216 shares. These 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, cannot be sold for at least one year after they vest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson William
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 — 136,216 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity award size: 23,483 shares
Price per granted share: $0.00 per share
Total shares after transaction: 136,216 shares
+2 more
5 metrics
Equity award size
23,483 shares
Common stock grant reported on Form 4
Price per granted share
$0.00 per share
Compensation-related stock award, not open-market purchase
Total shares after transaction
136,216 shares
William Johnson direct holdings following the grant
Earliest vesting date
June 4, 2027
Vests on earlier of this date or 2027 annual meeting
Post-vesting lockup
1 year
Minimum holding period after vesting under 2020 Equity Incentive Plan
Key Terms
Form 4, Grant, award, or other acquisition, Second Amended and Restated 2020 Equity Incentive Plan, vest
4 terms
Form 4 regulatory
"William Johnson reported an equity award of 23,483 shares of common stock"
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.
Grant, award, or other acquisition financial
"transaction code description indicates a Grant, award, or other acquisition"
Second Amended and Restated 2020 Equity Incentive Plan financial
"pursuant to the Second Amended and Restated 2020 Equity Incentive Plan, the Reporting Person may not sell"
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.
FAQ
What insider transaction did Commercial Vehicle Group (CVGI) report for William Johnson?
Commercial Vehicle Group director William Johnson received an equity award of 23,483 shares of common stock. The shares were granted at no cash cost as a compensation-related award, not an open-market purchase or sale.