Imunon (IMNN) chair receives stock grant and updates IRA holdings
Rhea-AI Filing Summary
Tardugno Michael H reported acquisition or exercise transactions in this Form 4 filing.
Imunon, Inc. Executive Chairman of the Board Michael H. Tardugno reported a routine equity compensation grant and an update to his indirect holdings. He received 4,089 shares of common stock at $2.06 per share, granted in lieu of cash for base salary, bringing his direct holdings to 12,838 shares. A separate entry shows 4,622 shares of common stock held indirectly in an IRA after shares were rolled over from a 401(k) plan. The filing shows no open-market purchases or sales and no derivative positions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,089 | $2.06 | $8K |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. Stock granted in lieu of cash for base salary
- F2. Shares were rolled over from 401(k) Plan
Key Figures
Key Terms
Grant, award, or other acquisition financial
IRA financial
401(k) Plan financial
Executive Chairman of Board financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Imunon (IMNN) report for Michael H. Tardugno?
Imunon reported that Executive Chairman Michael H. Tardugno received 4,089 shares of common stock as a stock grant in lieu of cash base salary at $2.06 per share. The Form 4 also updated his indirect IRA holdings without any reported open-market trades.
Was the Imunon (IMNN) Form 4 transaction a stock grant or a market purchase?
The Form 4 shows a stock grant, not a market purchase. Michael H. Tardugno received 4,089 shares of Imunon common stock at $2.06 per share as compensation in lieu of cash base salary, which is classified as a grant or award acquisition.
What is the significance of the IRA and 401(k) rollover in the Imunon (IMNN) Form 4?
The Form 4 notes that 4,622 shares of Imunon common stock are held indirectly in an IRA after being rolled over from a 401(k) Plan. This represents a change in how the shares are held, rather than a new purchase or sale in the market.