Genvor CEO granted 250,000 shares for $125K debt
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.
Sentiment and the balance of points
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 250,000 | $0.50 | $125K |
Footnotes (1)
- F1. Compensation award for Mr. Pawlak's conversion of $125,000 in outstanding payables owed by the Company, pursuant to restructured compensation package approved by the Company's Board of Directors as of December 20, 2024.
Key Figures
Key Terms
grant/award acquisition financial
restructured compensation package financial
outstanding payables financial
Chief Executive Officer financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Genvor (GNVR) disclose for Chad Lee Pawlak Sr.?
At what price was the Genvor (GNVR) stock grant to the CEO valued?
Is the Genvor (GNVR) CEO’s Form 4 transaction an open-market purchase or a grant?
AI-generated analysis. How Rhea-AI works. Not financial advice.