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 (1)
- Stock granted in lieu of cash for base salary 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
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.