CPI Aerostructures (NASDAQ: CVU) CEO receives 2,876-share corrective equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hakim Dorith reported acquisition or exercise transactions in this Form 4 filing.
CPI Aerostructures CEO Dorith Hakim received 2,876 shares of Common Stock, issued at no cost as an equity award. According to the filing, these shares were granted to correct an administrative error in a previous grant under the company’s Amended and Restated 2016 Long-Term Incentive Plan.
After this correction, Hakim now directly holds 301,205 shares of CPI Aerostructures Common Stock. This is a compensation-related adjustment rather than an open-market purchase or sale, so it mainly updates her reported ownership level.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hakim Dorith
Role
CEO and President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,876 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 301,205 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 2,876 shares
Grant price: $0.00 per share
Post-transaction holdings: 301,205 shares
3 metrics
Shares granted
2,876 shares
Common Stock grant correcting prior award
Grant price
$0.00 per share
Corrective equity issuance to CEO
Post-transaction holdings
301,205 shares
CEO direct ownership after grant
Key Terms
Grant, award, or other acquisition, Amended and Restated 2016 Long-Term Incentive Plan, administrative error
3 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Amended and Restated 2016 Long-Term Incentive Plan financial
"previous grant pursuant to the Issuer's Amended and Restated 2016 Long-Term Incentive Plan"
administrative error other
"issued to the Reporting Person to correct an administrative error in calculating the number of shares"
FAQ
What insider transaction did CPI Aerostructures (CVU) report for Dorith Hakim?
CPI Aerostructures reported that CEO and President Dorith Hakim received 2,876 shares of Common Stock. The shares were issued as a corrective equity grant, adjusting for an earlier administrative error in a prior long-term incentive award.
Was the CPI Aerostructures (CVU) Form 4 a stock purchase or sale?
The Form 4 did not report a stock purchase or sale. Instead, it showed a grant of 2,876 shares issued at no cost to correct an earlier grant calculation under the company’s long-term incentive plan.