Immersion director gets 21,815-share stock grant
Nader Elias reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Nader Elias reported acquisition or exercise transactions in this Form 4 filing.
IMMERSION CORP director Nader Elias reported receiving a grant of 21,815 shares of common stock as restricted stock under the company’s director compensation policy. The award was recorded at $0.00 per share, reflecting a compensation grant rather than a market purchase, and raises his direct holdings to 68,323 shares.
The restricted shares will vest 100% on the earlier of the one-year anniversary of April 6, 2026 or the date of Immersion’s annual meeting of stockholders for the fiscal year ending April 30, 2026, provided Elias continues serving through the vesting date. The award is also subject to full acceleration upon the occurrence of certain specified events.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,815 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents a grant of restricted stock pursuant to and in accordance with the Issuer's director compensation policy, 100% of which will vest, subject to continued service through the vesting date, on the earlier of (i) the one-year anniversary of April 6, 2026 or (ii) the date of the Issuer's annual meeting of stockholders for the fiscal year ending April 30, 2026, subject to acceleration in full upon the occurrence of certain events.
Key Figures
Key Terms
restricted stock financial
director compensation policy financial
vesting date financial
annual meeting of stockholders financial
acceleration in full financial
FAQ
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What did Immersion (IMMR) director Nader Elias report in this Form 4?
Is Nader Elias’s IMMR transaction a market purchase or compensation grant?
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