Immersion (NASDAQ: IMMR) director gets 21,815-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
HOFFMAN EMILY reported acquisition or exercise transactions in this Form 4 filing.
Immersion Corp director Emily Hoffman received a grant of 21,815 shares of restricted common stock as equity compensation. The shares were awarded at no cash price and increase her direct holdings to 97,100 shares after the transaction.
The restricted stock will fully vest, subject to her continued service, on the earlier of the one-year anniversary of April 6, 2026 or the date of Immersion’s annual stockholder meeting for the fiscal year ending April 30, 2026. Vesting may accelerate in full if certain specified events occur.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
HOFFMAN EMILY
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 21,815 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 97,100 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock grant: 21,815 shares
Shares held after grant: 97,100 shares
Grant price per share: $0.0000 per share
+1 more
4 metrics
Restricted stock grant
21,815 shares
Director equity award on April 6, 2026
Shares held after grant
97,100 shares
Total direct common stock holdings after transaction
Grant price per share
$0.0000 per share
Non-cash restricted stock award
Vesting timing trigger
Earlier of one-year anniversary of April 6, 2026 or annual meeting
Vesting condition tied to service and meeting date
Key Terms
restricted stock, director compensation policy, vest, annual meeting of stockholders, +1 more
5 terms
restricted stock financial
"Represents a grant of restricted stock pursuant to and in accordance"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
director compensation policy financial
"pursuant to and in accordance with the Issuer's director compensation policy"
vest financial
"100% of which will vest, subject to continued service through the vesting date"
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.
annual meeting of stockholders financial
"the date of the Issuer's annual meeting of stockholders for the fiscal year"
acceleration in full financial
"subject to acceleration in full upon the occurrence of certain events"
FAQ
What insider transaction did Immersion Corp (IMMR) disclose for Emily Hoffman?
Immersion Corp reported that director Emily Hoffman received 21,815 shares of restricted common stock as an equity grant. The award was made at no cash cost to her and is part of the company’s director compensation program, increasing her direct holdings to 97,100 shares.
Is the Emily Hoffman Form 4 transaction for IMMR a stock purchase or a grant?
The Form 4 shows a stock grant, not a market purchase. Emily Hoffman received 21,815 restricted common shares as a compensation award coded “A” for grant or award, consistent with Immersion’s director compensation policy rather than an open-market buy or sell transaction.
What are the key conditions on Emily Hoffman’s restricted IMMR stock grant?
The restricted stock vests only if Emily Hoffman continues serving through the vesting date. Vesting occurs on the earlier of the one-year anniversary of April 6, 2026 or the annual meeting for the fiscal year ending April 30, 2026, with possible full acceleration if certain events occur.