Hennessy Advisors CEO awarded 19,700 shares
HNNA’s CEO received a 19,700-share stock unit award while 9,520.5 shares were delivered or withheld to cover an exercise price or tax liability.
Rhea-AI Filing Summary
HENNESSY ADVISORS INC (HNNA) reports that CEO, director, and large shareholder Neil J. Hennessy, through a trust, received an indirect award of 19,700 shares of common stock on September 18, 2026. These represent stock units that will vest 25% per year beginning on September 18, 2027.
On the same date, the trust delivered or had 9,520.5 shares withheld at $10.38 per share to pay an exercise price or tax liability. Following these events, he holds 5,062 common shares directly and 25,059 shares indirectly through his spouse’s IRA. No Rule 10b5-1 trading plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
HENNESSY NEIL J
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 19,700 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 9,520.5 | $10.38 | $99K |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 2,071,291 shares (Indirect, By Trust);
Common Stock — 5,062 shares (Direct);
Common Stock — 25,059 shares (Indirect, By Spouse's IRA)
Footnotes (1)
- F1. Includes 19,700 shares of underlying stock units that will vest 25% per year beginning on September 18, 2027.
Key Figures
Awarded shares (indirect, by trust): 19,700 shares
Disposition shares for exercise price or tax liability: 9,520.5 shares
Price per share on disposition: $10.38 per share
+3 more
6 metrics
Awarded shares (indirect, by trust)
19,700 shares
Grant of common stock units on September 18, 2026 that vest over four years
Disposition shares for exercise price or tax liability
9,520.5 shares
Shares delivered or withheld on September 18, 2026 at $10.38 per share
Price per share on disposition
$10.38 per share
Applied to 9,520.5 shares delivered or withheld for exercise price or tax liability
Direct common shares after transactions
5,062 shares
Direct ownership by Neil J. Hennessy following the September 18, 2026 transactions
Indirect common shares via spouse’s IRA
25,059 shares
Indirect ownership through spouse’s IRA after the reported transactions
Vesting rate of stock units
25% per year
Vesting schedule for 19,700 stock units beginning September 18, 2027
Key Terms
stock units, vest, IRA, Rule 10b5-1
4 terms
stock units financial
"Includes 19,700 shares of underlying stock units that will vest 25% per year"
Stock units are individual pieces of ownership in a company, like slices of a pie that together make up the whole business. They matter to investors because each unit represents a claim on the company’s assets, profits and sometimes voting power, and changes in the number or value of these units affect ownership percentages, potential dividends and share dilution — all of which influence an investment’s worth.
vest financial
"underlying stock units that will vest 25% per year beginning on September 18, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
IRA financial
"Indirect ownership is reported as By Spouse's IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan is reported for these transactions"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did HNNA’s CEO report on September 18, 2026?
Neil J. Hennessy reported an indirect award of 19,700 shares of HNNA common stock through a trust and a separate indirect disposition of 9,520.5 shares delivered or withheld to pay an exercise price or tax liability, all dated September 18, 2026.
Were the September 18, 2026 HNNA insider transactions under a Rule 10b5-1 plan?
No. The filing indicates that no Rule 10b5-1 trading plan is reported for the September 18, 2026 transactions by Neil J. Hennessy, meaning they are not stated to be executed under a pre-arranged trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
