Elauwit director granted 1,847 RSUs in ELWT stock
Elauwit Connection, Inc. director Berk Frederick R. received a grant of 1,847 restricted stock units on common stock.
Rhea-AI Filing Summary
Elauwit Connection, Inc. director Berk Frederick R. received a grant of 1,847 restricted stock units on common stock. These RSUs were awarded at no cash cost as equity compensation under the Elauwit Connection, Inc. 2025 Stock Incentive Plan and convert into common shares on a one-for-one basis.
According to the grant terms, the units generally vest on the first anniversary of the grant date, aligning compensation with longer-term company performance. After this filing, he directly holds 63,169 shares of common stock, reflecting his ongoing equity stake in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 1,847 shares
Grant/Award
2 txns
Insider
Berk Frederick R.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,847 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,847 contracts (Direct);
Common Stock — 63,169 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
RSUs granted: 1,847 units
RSU grant price: $0.00 per unit
Underlying common shares: 1,847 shares
+1 more
4 metrics
RSUs granted
1,847 units
Restricted stock units granted on 2026-04-02
RSU grant price
$0.00 per unit
Equity compensation, no cash paid
Underlying common shares
1,847 shares
One-for-one conversion into common stock
Common shares held after
63,169 shares
Direct ownership following reported transactions
Key Terms
Restricted Stock Units, Elauwit Connection, Inc. 2025 Stock Incentive Plan, Rule 16b-3, vest on the first anniversary
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.
Elauwit Connection, Inc. 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 on the first anniversary financial
"vest on the first anniversary of the date of grant"
FAQ
What did Elauwit Connection (ELWT) director Berk Frederick R. report on this Form 4?
He reported receiving a grant of 1,847 restricted stock units tied to Elauwit Connection common stock. The award is equity-based compensation under the company’s 2025 Stock Incentive Plan and does not involve an open-market stock purchase or sale.
How many restricted stock units did the Elauwit Connection (ELWT) director receive?
He received 1,847 restricted stock units that convert into common stock on a one-for-one basis. The units were granted at a reported price of $0.00 per unit as part of his director compensation package.
When do the newly granted Elauwit Connection (ELWT) RSUs vest?
The restricted stock units generally vest on the first anniversary of the grant date, unless otherwise provided in the award notice. This one-year vesting period encourages longer-term alignment between the director’s interests and the company’s performance.
Under what plan were the Elauwit Connection (ELWT) RSUs granted?
The RSUs were granted under the Elauwit Connection, Inc. 2025 Stock Incentive Plan. This plan provides equity-based awards such as restricted stock units to directors and other participants to support long-term incentive compensation objectives.
Was the Elauwit Connection (ELWT) RSU grant exempt under any SEC rule?
Yes. The restricted stock units were granted in a transaction described as exempt under Rule 16b-3. That rule generally provides exemptions for certain insider transactions made under board-approved compensation plans, such as stock incentive programs.
AI-generated analysis. How Rhea-AI works. Not financial advice.
