Genvor (GNVR) CEO awarded 250,000 shares for $125,000 payable conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Genvor Inc. reported that Chief Executive Officer Chad Lee Pawlak Sr. received a grant of 250,000 shares of common stock at $0.50 per share. According to the disclosure, this stock award compensates Mr. Pawlak for converting $125,000 of outstanding payables owed to him by the company under a restructured compensation package approved by the board as of December 20, 2024. Following this grant, he directly holds 7,000,000 shares of Genvor common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pawlak Chad Lee Sr.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 250,000 | $0.50 | $125K |
Holdings After Transaction:
Common Stock — 7,000,000 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Stock grant size: 250,000 shares
Grant valuation per share: $0.50 per share
Converted payables: $125,000
+1 more
4 metrics
Stock grant size
250,000 shares
Common stock award to CEO on April 15, 2026
Grant valuation per share
$0.50 per share
Value used for CEO compensation share award
Converted payables
$125,000
Outstanding payables converted into equity compensation
Post-transaction holdings
7,000,000 shares
CEO’s direct Genvor common stock after the grant
Key Terms
grant/award acquisition, restructured compensation package, outstanding payables, Chief Executive Officer
4 terms
grant/award acquisition financial
"transaction_action": "grant/award acquisition""
restructured compensation package financial
"pursuant to restructured compensation package approved by the Company's Board"
outstanding payables financial
"conversion of $125,000 in outstanding payables owed by the Company"
Chief Executive Officer financial
"officer_title": "Chief Executive Officer""
A chief executive officer (CEO) is the top leader of a company, responsible for making major decisions, setting goals, and guiding the organization’s overall direction. Think of the CEO as the captain of a ship, steering it toward success. Investors pay close attention to the CEO because their leadership and strategy can significantly influence the company's performance and future growth.
FAQ
What insider transaction did Genvor (GNVR) disclose for Chad Lee Pawlak Sr.?
Genvor disclosed that CEO Chad Lee Pawlak Sr. received a grant of 250,000 common shares. The award compensates him for converting outstanding payables into equity under a restructured compensation package approved by the board on December 20, 2024.
At what price was the Genvor (GNVR) stock grant to the CEO valued?
The 250,000-share stock grant to Genvor’s CEO was valued at $0.50 per share. This valuation reflects the conversion of $125,000 in outstanding payables into equity under his revised compensation arrangement.
Is the Genvor (GNVR) CEO’s Form 4 transaction an open-market purchase or a grant?
The Form 4 shows a grant or award acquisition, not an open-market purchase. The CEO received 250,000 shares as compensation for converting $125,000 in outstanding payables under a board-approved restructured compensation package.