Harrow Board Member Gets $100K+ Stock Package Amid Growth Plans
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Harrow Director Perry J. Sternberg received a grant of 7,339 Restricted Stock Units (RSUs) on June 20, 2025, as reported in this Form 4 filing. The RSUs were awarded as compensation for services rendered or to be rendered.
Key terms of the RSU grant:
- Conversion price: $0
- Vesting schedule: Full vesting on the one-year anniversary of the grant date
- Transfer restrictions: Underlying shares cannot be delivered, transferred, or sold until termination of service
- Ownership form: Direct
The transaction was reported by Andrew R. Boll as Attorney in Fact for Perry J. Sternberg on June 24, 2025. This equity grant aligns with common director compensation practices and creates additional alignment between the director's interests and those of shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Sternberg Perry J.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | RSU | 7,339 | $0.00 | -- |
Holdings After Transaction:
RSU — 7,339 shares (Direct)
Footnotes (1)
- The Restricted Stock Units were received as a compensatory award for services rendered or to be rendered. Award of Restricted Stock Units vests in full on the one-year anniversary following the date of grant. The shares underlying such Restricted Stock Units will not be delivered to the Reporting Person and may not be transferred or sold until the termination of service.
FAQ
How many Restricted Stock Units (RSUs) did HROW director Perry Sternberg receive on June 20, 2025?
Perry J. Sternberg received 7,339 Restricted Stock Units (RSUs) as a compensatory award on June 20, 2025, as reported in the Form 4 filing.
What is the vesting schedule for HROW director Sternberg's RSU grant?
The RSUs granted to Perry Sternberg will vest in full on the one-year anniversary of the grant date (June 20, 2026). Importantly, the underlying shares cannot be delivered, transferred, or sold until Sternberg's termination of service with Harrow.
What is the exercise price of HROW RSUs granted to Perry Sternberg?
The Restricted Stock Units were granted with an exercise price of $0, as indicated in Table II of the Form 4 filing under 'Conversion or Exercise Price of Derivative Security.'
What positions does Perry Sternberg hold at HROW according to the Form 4?
According to the Form 4 filing, Perry J. Sternberg serves as a Director of Harrow, Inc. (HROW). This is indicated by the 'X' marked in the Director box under Section 5 'Relationship of Reporting Person(s) to Issuer.'