Elauwit director granted 1,693 RSUs
Elauwit Connection, Inc. director Shannon Roger D received a grant of 1,693 restricted stock units.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Elauwit Connection, Inc. director Shannon Roger D received a grant of 1,693 restricted stock units. These RSUs were awarded at no cash cost and will convert into 1,693 shares of common stock on a one-for-one basis once they vest. The grant was made under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3. Except as otherwise provided in the award notice, the RSUs vest on the first anniversary of the grant date, and following this grant the director holds 1,693 RSUs directly.
Insider Trade Summary
Grant/Award: 1,693 shares
Grant/Award
1 txn
Insider
Shannon Roger D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,693 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 1,693 contracts (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
RSUs granted: 1,693 units
Grant price: $0.00 per unit
RSUs after transaction: 1,693 units
+3 more
6 metrics
RSUs granted
1,693 units
Restricted Stock Units granted on 2026-04-02
Grant price
$0.00 per unit
Equity award with no cash exercise price
RSUs after transaction
1,693 units
Total RSUs held following grant
Underlying common shares
1,693 shares
One-for-one conversion of RSUs into common stock
Vesting schedule
First anniversary
RSUs vest on first anniversary of grant date, subject to award notice
Rule 16b-3 status
Exempt transaction
Grant made under 2025 Stock Incentive Plan, exempt under Rule 16b-3
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 Shannon Roger D report?
Director Shannon Roger D reported receiving a grant of 1,693 restricted stock units. The award represents equity compensation, not an open-market stock purchase or sale, and is structured to convert into common shares once vesting conditions are satisfied under the company’s 2025 Stock Incentive Plan.
How many Elauwit Connection (ELWT) RSUs were granted in this Form 4?
The filing shows a grant of 1,693 restricted stock units. Each unit represents a right to receive one share of Elauwit Connection common stock, subject to vesting conditions described in the award and the company’s 2025 Stock Incentive Plan documentation.
When do the 1,693 ELWT restricted stock units vest?
The 1,693 restricted stock units generally vest on the first anniversary of the grant date. The footnote notes that vesting timing applies except as otherwise provided in the award notice, meaning specific award documents could modify these standard vesting terms for the recipient.
What does it mean that the ELWT RSUs convert one-for-one into common stock?
A one-for-one conversion means each restricted stock unit becomes one share of common stock upon vesting. For this grant, 1,693 RSUs will convert into 1,693 common shares, assuming vesting conditions are met and no adjustments are applied under the plan’s governing terms.
Was the ELWT RSU grant to Shannon Roger D an open-market transaction?
No, the RSU grant was compensation under the 2025 Stock Incentive Plan, not an open-market trade. The transaction is described as a grant or award acquisition and is exempt under Rule 16b-3, which typically covers board-approved equity compensation to insiders.
AI-generated analysis. How Rhea-AI works. Not financial advice.
