GrowGeneration (GRWG) president receives 50,000-share equity grant and discloses holdings
Rhea-AI Filing Summary
Salaman Michael reported acquisition or exercise transactions in this Form 4 filing.
GrowGeneration Corp. President Michael Salaman reported an equity award and updated holdings. He received 50,000 shares of common stock as a grant or award at a price of $0.00 per share, bringing his direct holdings to 1,789,313 shares.
The award relates to an employment agreement dated September 30, 2024 under which he was granted 200,000 restricted stock units, vesting in four equal installments of 50,000 units on each June 15 and December 15 over a two-year period. The filing also notes 437,441 shares held indirectly, including 387,441 shares owned by a spousal trust for which he disclaims beneficial ownership and 50,000 shares held by a charitable fund over which he has voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 50,000 shares
Net Buy
2 txns
Insider
Salaman Michael
Role
President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 50,000 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,789,313 shares (Direct);
Common Stock — 437,441 shares (Indirect, See Footnote)
Footnotes (2)
- F1. Pursuant to an employment agreement dated September 30, 2024, the Reporting Person was granted 200,000 restricted stock units. Such 200,000 restricted stock units will vest in four equal installments of 50,000 restricted stock units on each June 15 and December 15 over a two-year period.
- F2. Includes: 387,441 shares of common stock owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership; and 50,000 shares of common stock owned by a charitable fund, of which the Reporting Person is the trustee and holds voting and dispositive power over the shares.
Key Figures
Equity grant: 50,000 shares
Grant price: $0.00 per share
Direct holdings after grant: 1,789,313 shares
+3 more
6 metrics
Equity grant
50,000 shares
Common Stock grant coded “A” at $0.00 per share
Grant price
$0.00 per share
Price per share for the 50,000-share grant
Direct holdings after grant
1,789,313 shares
Common Stock directly owned following the award
Indirect holdings
437,441 shares
Common Stock held via spousal trust and charitable fund
RSU grant total
200,000 restricted stock units
Granted under employment agreement dated September 30, 2024
RSU vesting schedule
4×50,000 units
Vesting on each June 15 and December 15 over two years
Key Terms
restricted stock units, vesting, spousal trust, charitable fund, +1 more
5 terms
restricted stock units financial
"the Reporting Person was granted 200,000 restricted stock units. Such 200,000 restricted stock units will vest"
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.
vesting financial
"will vest in four equal installments of 50,000 restricted stock units on each June 15 and December 15"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
spousal trust financial
"Includes: 387,441 shares of common stock owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership"
charitable fund financial
"and 50,000 shares of common stock owned by a charitable fund, of which the Reporting Person is the trustee"
disclaims beneficial ownership financial
"owned by a spousal trust, of which the Reporting Person disclaims beneficial ownership"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did GrowGeneration (GRWG) President Michael Salaman report in this Form 4?
Michael Salaman reported an equity award and updated his holdings. He received 50,000 shares of GrowGeneration common stock as a grant at $0.00 per share, bringing his direct ownership to 1,789,313 shares, plus additional indirect holdings through related entities.
What is the size and vesting schedule of Michael Salaman’s RSU grant at GrowGeneration (GRWG)?
His employment agreement granted 200,000 restricted stock units. These RSUs vest in four equal installments of 50,000 units on each June 15 and December 15 over a two-year period, and this Form 4 reflects one such 50,000-unit vesting event.
Was this GrowGeneration (GRWG) Form 4 an open-market buy or sell by Michael Salaman?
No, the Form 4 does not show an open-market buy or sell. The main transaction is coded “A,” indicating a grant or award acquisition of 50,000 shares at $0.00 per share, which is a compensation-related equity grant rather than market trading.