Elauwit Connection (ELWT) director receives 5,435 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Elauwit Connection, Inc. director Shannon Roger reported new equity compensation in the form of restricted stock units (RSUs). On June 18, 2026, the director received 5,435 RSUs that convert into common stock on a one-for-one basis and, under the company’s 2025 Stock Incentive Plan, vest on the first anniversary of the grant date. Separate RSUs covering 1,693 underlying shares are also reported and are scheduled to vest on April 2, 2027, reinforcing that these are time-based awards rather than open-market share purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Shannon Roger D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,435 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 5,435 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
Existing RSUs: 1,693 underlying shares
Conversion ratio: 1 RSU per 1 common share
+1 more
4 metrics
New RSU grant
5,435 restricted stock units
Granted June 18, 2026 under 2025 Stock Incentive Plan
Existing RSUs
1,693 underlying shares
RSUs scheduled to vest April 2, 2027
Conversion ratio
1 RSU per 1 common share
Both RSU awards convert one-for-one into common stock
Exercise price
$0.00 per unit
RSUs have a stated exercise/conversion price of 0.0000
Key Terms
Restricted Stock Units, Rule 16b-3, 2025 Stock Incentive Plan, vest
4 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.
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.
2025 Stock Incentive Plan financial
"were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3"
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
What insider transaction did Elauwit Connection (ELWT) report for Shannon Roger?
Elauwit Connection reported that director Shannon Roger received 5,435 restricted stock units as an equity award. These RSUs are a form of stock-based compensation and convert into common shares on a one-for-one basis, rather than reflecting an open-market stock purchase or sale.
How many restricted stock units did the Elauwit (ELWT) director receive?
The director received 5,435 restricted stock units in this transaction. Each unit represents the right to receive one share of Elauwit Connection common stock, subject to vesting conditions described in the company’s 2025 Stock Incentive Plan and the related award notice.
When do Shannon Roger’s new Elauwit (ELWT) RSUs vest?
The newly granted restricted stock units vest on the first anniversary of the grant date. This time-based vesting means the director must remain eligible through that one-year period before the RSUs convert into Elauwit Connection common shares under the award’s terms.
What other Elauwit (ELWT) RSU holdings are disclosed in this Form 4?
In addition to the new 5,435 RSUs, the filing shows RSUs linked to 1,693 underlying common shares. These existing units are scheduled to vest on April 2, 2027, indicating a separate equity award with its own vesting schedule and conditions.
Are the Elauwit (ELWT) restricted stock units an open-market stock purchase?
No, the restricted stock units are an equity award granted under Elauwit Connection’s 2025 Stock Incentive Plan. They are compensation that converts into common stock on a one-for-one basis upon vesting, rather than shares bought or sold on the open market for cash.