Hennessy Advisors grants Nilsen 19,700 stock units
HNNA’s President and COO received a 19,700‑unit equity award with future vesting and had 9,520.5 shares used to cover exercise price or tax obligations.
Rhea-AI Filing Summary
HENNESSY ADVISORS INC (HNNA) reported that director and President/COO/Secretary Teresa M. Nilsen received an equity grant tied to its common stock. On September 18, 2026, she acquired 19,700 stock units that will vest 25% per year beginning on September 18, 2027. On the same date, 9,520.5 shares of common stock at $10.38 per share were delivered or withheld for payment of exercise price or tax liability. After these transactions, she also held 9,425 shares indirectly for the benefit of a child and 1,518 shares indirectly through her spouse's IRA. A separate 0.5‑share reduction was recorded as an administrative correction with no transaction, and no Rule 10b5‑1 trading plan was reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
NILSEN TERESA M
Role
President, COO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 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 — 161,002 shares (Direct);
Common Stock — 9,425 shares (Indirect, FBO Child);
Common Stock — 1,518 shares (Indirect, By Spouse's IRA)
Footnotes (2)
- F1. Includes 19,700 shares of underlying stock units that will vest 25% per year beginning on September 18, 2027.
- F2. The amount reported in Column 5 reflects a reduction of 0.5 shares from the amount previously reported due to correction of an administrative error. There was no transaction.
Key Figures
Stock units granted: 19,700 units
Vesting rate: 25% per year
Shares delivered/withheld: 9,520.5 shares
+4 more
7 metrics
Stock units granted
19,700 units
Equity award to Teresa M. Nilsen on September 18, 2026
Vesting rate
25% per year
Vesting of 19,700 stock units beginning September 18, 2027
Shares delivered/withheld
9,520.5 shares
Payment of exercise price or tax liability on September 18, 2026
Price per share for F transaction
$10.38 per share
Shares delivered or withheld for exercise price or tax liability
Indirect holdings FBO child
9,425 shares
Common stock held indirectly for benefit of a child after reported transactions
Indirect holdings via spouse's IRA
1,518 shares
Common stock held indirectly through spouse's IRA after reported transactions
Administrative correction
0.5 shares
Reduction to prior reported amount; no transaction occurred
Key Terms
stock units, vest 25% per year, Rule 10b5-1, tax liability, +1 more
5 terms
stock units financial
"Includes 19,700 shares of underlying stock units that will vest 25%"
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 25% per year financial
"underlying stock units that will vest 25% per year beginning"
Rule 10b5-1 regulatory
"No Rule 10b5-1 trading plan was 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.
tax liability financial
"payment of exercise price or tax liability by delivering or withholding"
administrative error financial
"reduction of 0.5 shares from the amount previously reported due to correction of an administrative error"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity award did HNNA executive Teresa M. Nilsen receive?
Teresa M. Nilsen received an award covering 19,700 stock units, which will vest 25% per year beginning on September 18, 2027, contingent on the vesting schedule described.
Were Teresa M. Nilsen’s HNNA transactions under a Rule 10b5-1 plan?
No. The filing indicates no Rule 10b5‑1 trading plan for the reported transactions involving HENNESSY ADVISORS INC common stock.
What is the vesting schedule for Teresa M. Nilsen’s 19,700 HNNA stock units?
The 19,700 stock units will vest 25% per year, starting on September 18, 2027, according to the disclosure.
Did the HNNA Form 4 include any non-transaction corrections?
Yes. The amount reported in one column was reduced by 0.5 shares to correct an administrative error; the filing states that there was no transaction associated with this adjustment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
