Elauwit Connection (ELWT) director awarded 5,435 RSUs as equity pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elauwit Connection, Inc. director Glenn M. Josephs reported a compensation-related equity grant. He received 5,435 restricted stock units (RSUs), which convert into common stock on a one-for-one basis and were granted at an exercise price of $0.00 under the company’s 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3. According to the award terms, these RSUs generally vest on the first anniversary of the grant date. After this filing, he holds 141,388 shares of common stock directly and RSUs that include an existing block of 1,539 units scheduled to vest on April 2, 2027, in addition to the newly granted award.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Josephs Glenn M.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,435 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,435 shares (Direct, null);
Common Stock — 141,388 shares (Direct, null)
Footnotes (1)
- These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided in the award notice, vest on the first anniversary of the date of grant. These restricted stock units, which convert into common stock on a one-for-one basis, vest on April 2, 2027, except as otherwise provided in the award notice.
Key Figures
New RSU grant: 5,435 restricted stock units
RSU exercise price: $0.00 per unit
Common shares held: 141,388 shares
+2 more
5 metrics
New RSU grant
5,435 restricted stock units
Grant to director Glenn M. Josephs on June 18, 2026
RSU exercise price
$0.00 per unit
Conversion price for newly granted RSUs
Common shares held
141,388 shares
Direct common stock holdings after reported transactions
Existing RSUs
1,539 restricted stock units
RSUs scheduled to vest on April 2, 2027
RSU vesting date (existing grant)
April 2, 2027
Vesting date for 1,539 RSUs per footnote
Key Terms
Restricted Stock Units, 2025 Stock Incentive Plan, Rule 16b-3, vest on the first anniversary of the date of grant, +1 more
5 terms
Restricted Stock Units financial
"These restricted stock units, which convert into common stock on a one-for-one basis, were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
2025 Stock Incentive Plan financial
"were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3"
Rule 16b-3 regulatory
"were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3"
Rule 16b-3 is a Securities and Exchange Commission regulation that exempts certain routine, pre-approved transactions by company insiders from automatic liability for short-term trading profits. It acts like a safe harbor: if an insider follows a formal plan or the board approves specific transactions in advance, profits from buying and selling company stock within six months are not automatically reclaimed. Investors care because the rule clarifies when insider trades are permissible and reduces uncertainty about potential clawbacks.
vest on the first anniversary of the date of grant financial
"vest on the first anniversary of the date of grant"
vest on April 2, 2027 financial
"These restricted stock units, which convert into common stock on a one-for-one basis, vest on April 2, 2027, except as otherwise provided in the award notice."
FAQ
What did Glenn M. Josephs report in this Elauwit Connection (ELWT) Form 4?
Glenn M. Josephs reported a grant of 5,435 restricted stock units as equity compensation. These RSUs convert into common stock on a one-for-one basis and were issued at a $0.00 exercise price under the 2025 Stock Incentive Plan.
How many Elauwit Connection (ELWT) RSUs did Glenn M. Josephs receive and on what terms?
He received 5,435 restricted stock units with a $0.00 exercise price. The footnotes state these RSUs were granted under the 2025 Stock Incentive Plan and, unless the award notice provides otherwise, vest on the first anniversary of the grant date.
What are Glenn M. Josephs’ direct common stock holdings in Elauwit Connection (ELWT) after this filing?
Following the reported transactions, Glenn M. Josephs directly holds 141,388 shares of Elauwit Connection common stock. This share count reflects his position after the RSU grant and holding entries disclosed in the Form 4 for June 18, 2026.
What other Elauwit Connection (ELWT) RSUs does Glenn M. Josephs hold besides the new grant?
In addition to the 5,435 newly granted RSUs, he holds 1,539 restricted stock units. According to the footnotes, these 1,539 RSUs vest on April 2, 2027, except as otherwise provided in the applicable award notice.
How do the Elauwit Connection (ELWT) RSUs convert into common stock for Glenn M. Josephs?
Both existing and newly granted restricted stock units convert into common stock on a one-for-one basis. This means each vested RSU entitles Glenn M. Josephs to receive one share of Elauwit Connection common stock when settlement occurs under the plan terms.