Lampert at GrowGeneration (NASDAQ: GRWG) receives 50,000-share grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GrowGeneration Corp. CEO Darren Lampert reported an equity compensation event rather than a market trade. On June 15, he acquired 50,000 shares of common stock at $0.00 per share as a grant or award under his employment agreement, which provided for 200,000 restricted stock units vesting in four equal 50,000-unit installments on each June 15 and December 15 over a two-year period. Following this award, he directly holds 1,815,800 common shares. The filing also lists 138,474 shares held indirectly, including 88,474 shares in a spousal trust, for which he disclaims beneficial ownership, and 50,000 shares in a charitable fund where he serves as trustee with voting and dispositive power.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Lampert Darren
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 50,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,815,800 shares (Direct, null);
Common Stock — 138,474 shares (Indirect, See Footnote)
Footnotes (1)
- 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. Includes: 88,474 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 award: 50,000 shares
Award price: $0.00 per share
Direct holdings: 1,815,800 shares
+5 more
8 metrics
Equity award
50,000 shares
Common Stock grant on June 15 at $0.00 per share
Award price
$0.00 per share
Price for 50,000-share grant/award
Direct holdings
1,815,800 shares
Common Stock directly held after the award
Indirect holdings
138,474 shares
Common Stock held through trust and charitable fund
RSU grant size
200,000 restricted stock units
Employment agreement dated September 30, 2024
RSU vesting installments
4 installments of 50,000 units
Each June 15 and December 15 over two years
Spousal trust shares
88,474 shares
Owned by spousal trust; beneficial ownership disclaimed
Charitable fund shares
50,000 shares
Owned by charitable fund; Lampert is trustee
Key Terms
restricted stock units, spousal trust, charitable fund, voting and dispositive power
4 terms
restricted stock units financial
"the Reporting Person was granted 200,000 restricted stock units"
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.
spousal trust financial
"88,474 shares of common stock owned by a spousal trust"
charitable fund financial
"50,000 shares of common stock owned by a charitable fund"
voting and dispositive power financial
"of which the Reporting Person is the trustee and holds voting and dispositive power"
FAQ
What did GrowGeneration (GRWG) CEO Darren Lampert report in this Form 4?
Darren Lampert reported receiving 50,000 GrowGeneration common shares as a grant or award at no cost. This reflects equity compensation under a prior employment agreement, not an open-market stock purchase or sale.
Did Darren Lampert buy or sell GrowGeneration stock on the market?
No open-market trades are reported. The Form 4 shows a 50,000-share grant or award at a price of $0.00 per share, reflecting equity compensation rather than buying or selling shares in the market.
What indirect GrowGeneration holdings are associated with Darren Lampert?
Indirect holdings total 138,474 GrowGeneration shares. These include 88,474 shares in a spousal trust, for which he disclaims beneficial ownership, and 50,000 shares in a charitable fund where he is trustee with voting and dispositive power.