Data Storage Corp (NASDAQ: DTST) awards director 10,000 RSUs vesting at 2026 meeting
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Data Storage Corp director Lawrence A. Maglione reported an equity award of restricted stock units. On January 29, 2026, he received 10,000 restricted stock units at a price of $0 per unit. These RSUs convert into common stock on a one-for-one basis.
The 10,000 RSUs vest in full on the date of Data Storage Corp’s 2026 Annual Meeting of Stockholders, provided Maglione continues serving the company through that date. Following this grant, he directly holds 10,000 derivative securities tied to the company’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Maglione Lawrence A.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 10,000 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 10,000 shares (Direct)
Footnotes (1)
- Restricted stock units ("RSUs") convert into common stock on a one-for-one basis. Represents the shares of the Issuer's common stock underlying a RSU grant to the Reporting Person on January 29, 2026, which RSUs vest in full on the date of the Issuer's 2026 Annual Meeting of Stockholders, subject to the Reporting Person's continued service to the Issuer through the vesting date.
FAQ
What insider transaction did Data Storage Corp (DTST) disclose for Lawrence A. Maglione?
Data Storage Corp disclosed that director Lawrence A. Maglione received 10,000 restricted stock units on January 29, 2026. These units were granted at a price of $0 and give him the right to receive an equal number of common shares upon vesting.
How many restricted stock units did the DTST director receive and at what price?
The DTST director received 10,000 restricted stock units at a price of $0 per unit. Each RSU represents the right to receive one share of Data Storage Corp common stock once the vesting conditions are satisfied at the 2026 annual meeting.
When do Lawrence A. Maglione’s DTST restricted stock units vest?
The restricted stock units vest in full on the date of Data Storage Corp’s 2026 Annual Meeting of Stockholders. Vesting is conditioned on Maglione’s continued service to the company through that meeting date, aligning the award with his ongoing board responsibilities.
What does one-for-one RSU conversion mean for DTST common stock?
A one-for-one RSU conversion means each restricted stock unit becomes one share of DTST common stock when it vests. For Maglione, 10,000 RSUs will convert into 10,000 common shares if the vesting conditions tied to the 2026 annual meeting are met.
How many DTST derivative securities does the director hold after this RSU grant?
After the RSU grant, the director beneficially owns 10,000 derivative securities related to DTST, all held directly. These derivative securities are restricted stock units that can convert into an equal number of Data Storage Corp common shares upon full vesting at the 2026 annual meeting.