Fluent director granted 21,429 RSUs, updates stake
Mathis Donald H reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4/A
Rhea-AI Filing Summary
Mathis Donald H reported acquisition or exercise transactions in this Form 4 filing.
Fluent, Inc. director Donald H. Mathis reported an equity award and corrected his share count. On June 5, 2024 he received a grant of 21,429 restricted stock units under Fluent’s 2022 Omnibus Equity Incentive Plan, vesting in three equal annual installments beginning on June 1, 2025.
After this grant, Mathis directly owned 86,088 shares of common stock. The amended Form 4 also fixes a prior filing that had understated his post–reverse-split holdings by five shares.
Insider Trade Summary
Grant/Award: 21,429 shares
Grant/Award
1 txn
Insider
Mathis Donald H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,429 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 86,088 shares (Direct)
Footnotes (3)
- F1. On April 11, 2024, the Issuer effected a 6-for-1 reverse stock split (the "Reverse Stock Split"). The holding reported here reflects the Reverse Stock Split.
- F2. On June 5, 2024, the Reporting Person received a grant of 21,429 restricted stock units ("RSUs") under the Issuer's 2022 Omnibus Equity Incentive Plan. These RSUs will vest in three equal annual installments, beginning on June 1, 2025.
- F3. On July 2, 2024, the Reporting Person filed a Form 4 which inadvertently reported, that following his activity, the Reporting Person owned a total of 86,083 shares of common stock which amount did not accurately reflect the total impact for Issuer's 1-for-6 reverse stock split effectuated on April 11, 2024. As reported in this amendment, following the activity, the Reporting Person owned 86,088 shares of common stock.
Key Figures
RSU grant size: 21,429 units
Grant price: $0.00 per share
Shares after transaction: 86,088 shares
+3 more
6 metrics
RSU grant size
21,429 units
Restricted stock units granted on June 5, 2024
Grant price
$0.00 per share
Equity award, not an open-market purchase
Shares after transaction
86,088 shares
Common stock directly owned following June 5, 2024 grant
Vesting start date
June 1, 2025
First of three equal annual RSU vesting installments
Amended share correction
5 shares
Increase from 86,083 to 86,088 after reverse split adjustment
Reverse split effective date
April 11, 2024
Reverse stock split reflected in reported holdings
Key Terms
restricted stock units, reverse stock split, 2022 Omnibus Equity Incentive Plan, Form 4
4 terms
restricted stock units financial
"received a grant of 21,429 restricted stock units ("RSUs")"
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.
reverse stock split financial
"the Issuer effected a reverse stock split"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
2022 Omnibus Equity Incentive Plan financial
"RSUs under the Issuer's 2022 Omnibus Equity Incentive Plan"
Form 4 regulatory
"the Reporting Person filed a Form 4 which inadvertently reported"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Fluent (FLNT) report in this Form 4/A?
Fluent reported that director Donald H. Mathis received 21,429 restricted stock units on June 5, 2024. The award is part of his equity compensation and was recorded at a price of $0.00 per share, indicating a grant rather than a market purchase.
How do the new Fluent (FLNT) RSUs granted to Mathis vest?
The 21,429 restricted stock units granted to Donald H. Mathis will vest in three equal annual installments. Vesting begins on June 1, 2025, meaning one-third of the units vests each year over a three-year period, subject to the plan’s terms.
Why did Fluent (FLNT) file an amended Form 4 for Donald H. Mathis?
Fluent filed an amended Form 4 to correct Mathis’s reported share ownership after a reverse stock split. A prior Form 4 showed 86,083 shares; the amendment clarifies that he actually owned 86,088 shares of common stock following the activity.
What equity plan was used for the Fluent (FLNT) RSU grant to Mathis?
The 21,429 restricted stock units granted to Donald H. Mathis were issued under Fluent’s 2022 Omnibus Equity Incentive Plan. This plan authorizes the company to grant various equity awards, including RSUs, as part of director and employee compensation.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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