Elauwit Connection (ELWT) director awarded 6,341 restricted stock units
Rhea-AI Filing Summary
Elauwit Connection, Inc. director Leslie E. Goodman reported a new grant of 6,341 restricted stock units (RSUs). These RSUs carry a zero exercise price, convert into common stock on a one-for-one basis, and are granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3. The filing also shows 1,693 RSUs outstanding and 103,760 shares of common stock held indirectly by Goodman Family Holdings, LLC, for which Goodman disclaims beneficial ownership except to the extent of his pecuniary interest. Footnotes state that the RSUs vest based on specified schedules in the award notices, including vesting on the first anniversary of grant or on April 2, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
GOODMAN LESLIE E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 6,341 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 8,034 shares (Direct);
Common Stock — 103,760 shares (Indirect, By Goodman Family Holdings, LLC)
Footnotes (3)
- F1. Mr. Goodman disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein.
- F2. 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.
- F3. 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: 6,341 units
Existing RSUs: 1,693 units
Indirect common shares: 103,760 shares
+2 more
5 metrics
New RSU grant
6,341 units
Restricted stock units granted at $0.0000 exercise price
Existing RSUs
1,693 units
Restricted stock units outstanding, convertible into common stock one-for-one
Indirect common shares
103,760 shares
Common stock held indirectly by Goodman Family Holdings, LLC
Exercise price of RSUs
$0.0000 per unit
Conversion or exercise price for reported restricted stock units
RSU vesting date
April 2, 2027
One RSU award vests on April 2, 2027 per footnote
Key Terms
Restricted Stock Units, Rule 16b-3, Elauwit Connection, Inc. 2025 Stock Incentive Plan, beneficial ownership, +1 more
5 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.
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.
Elauwit Connection, Inc. 2025 Stock Incentive Plan financial
"were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan in a transaction exempt under Rule 16b-3"
beneficial ownership regulatory
"Mr. Goodman disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
pecuniary interest financial
"disclaims beneficial ownership of these shares except to the extent of his pecuniary interest therein"
FAQ
What insider transaction did Elauwit Connection (ELWT) report for Leslie E. Goodman?
Elauwit reported that director Leslie E. Goodman received a grant of 6,341 restricted stock units. These RSUs have a zero exercise price, convert into common stock one-for-one, and were issued as equity compensation under the company’s 2025 Stock Incentive Plan.
How many Elauwit (ELWT) restricted stock units does Leslie E. Goodman hold after this filing?
The filing shows Leslie E. Goodman with 6,341 newly granted restricted stock units and 1,693 existing RSUs. All RSUs convert into common stock on a one-for-one basis, subject to vesting schedules described in the related award notices and footnotes.
How do Leslie E. Goodman’s Elauwit (ELWT) RSUs vest according to the Form 4 footnotes?
Footnotes explain that Elauwit restricted stock units convert one-for-one into common stock and vest on set schedules. Some RSUs vest on the first anniversary of the grant date, while others vest on April 2, 2027, unless the award notices provide different terms.
Under what plan were Leslie E. Goodman’s new Elauwit (ELWT) RSUs granted?
The new restricted stock units were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan. The transaction is described as exempt under Rule 16b-3, which commonly applies to board-approved equity compensation awards for directors and officers.
AI-generated analysis. How Rhea-AI works. Not financial advice.
