Elauwit director awarded 1,539 RSUs in ELWT
Elauwit Connection, Inc. director Glenn M. Josephs received a grant of 1,539 Restricted Stock Units that convert into common stock on a one-for-one basis.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Elauwit Connection, Inc. director Glenn M. Josephs received a grant of 1,539 Restricted Stock Units that convert into common stock on a one-for-one basis. The RSUs were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan and, except as otherwise provided in the award notice, vest on the first anniversary of the grant date. Following this award, he directly holds 141,388 shares of common stock and 1,539 RSUs.
Insider Trade Summary
Grant/Award: 1,539 shares
Grant/Award
1 txn
Insider
Josephs Glenn M.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,539 | $0.00 | $0.00 |
| Holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,539 contracts (Direct);
Common Stock — 141,388 shares (Direct)
Footnotes (1)
- F1. 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.
Key Figures
RSU grant size: 1,539 RSUs
RSU conversion ratio: 1:1 into common stock
Common shares held after: 141,388 shares
+2 more
5 metrics
RSU grant size
1,539 RSUs
Restricted Stock Units granted to director on 2026-04-02
RSU conversion ratio
1:1 into common stock
Footnote describing RSU terms
Common shares held after
141,388 shares
Direct common stock holdings following reported transactions
Rule 16b-3 status
Exempt transaction
RSU grant exempt under Rule 16b-3
RSU vesting
First anniversary of grant
Vesting schedule for RSUs, subject to award notice terms
Key Terms
Restricted Stock Units, 2025 Stock Incentive Plan, Rule 16b-3, vest
4 terms
Restricted Stock Units financial
"These restricted stock units, which convert into common stock on a one-for-one basis"
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"
Rule 16b-3 regulatory
"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 financial
"vest on the first anniversary of the date of grant"
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ELWT director Glenn M. Josephs report?
Glenn M. Josephs reported receiving 1,539 Restricted Stock Units in Elauwit Connection, Inc. These RSUs were granted as equity compensation and convert into common stock on a one-for-one basis, adding to his existing direct common stock holdings reported in the filing.
What are the key terms of the 1,539 RSUs granted to the ELWT director?
The 1,539 Restricted Stock Units convert into Elauwit Connection common stock on a one-for-one basis. They were granted under the 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3 and, except as otherwise provided, vest on the first anniversary of the grant date.
Under which plan were the Elauwit Connection RSUs granted to Glenn M. Josephs?
The Restricted Stock Units were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan. This plan provides equity-based awards to eligible participants, and the reported RSU grant represents director-level compensation rather than an open-market stock purchase.
Does the Form 4 for ELWT show any stock sales by Glenn M. Josephs?
The Form 4 shows no sales of Elauwit Connection common stock by Glenn M. Josephs. It reports an acquisition of 1,539 Restricted Stock Units as a grant and a separate entry updating his direct common stock holdings at 141,388 shares after the reported transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
