Imunon (IMNN) Executive Chairman receives 4,410-share stock grant as salary
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tardugno Michael H reported acquisition or exercise transactions in this Form 4 filing.
Imunon, Inc. Executive Chairman Michael H. Tardugno reported updated holdings of the company’s common stock. He received a grant of 4,410 shares of common stock at $1.91 per share, described as stock granted in lieu of cash for base salary, increasing his direct ownership to 64,396 shares. A separate line shows 4,622 shares held indirectly through an IRA, reflecting indirect ownership rather than a new market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Tardugno Michael H
Role
Executive Chairman of Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,410 | $1.91 | $8K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 64,396 shares (Direct, null);
Common Stock — 4,622 shares (Indirect, Held by IRA)
Footnotes (1)
- [object Object]
Key Figures
Stock grant: 4,410 shares
Grant price: $1.91 per share
Direct holdings after grant: 64,396 shares
+1 more
4 metrics
Stock grant
4,410 shares
Common stock granted in lieu of cash base salary
Grant price
$1.91 per share
Value used for the 4,410-share grant
Direct holdings after grant
64,396 shares
Common stock held directly following the acquisition
Indirect IRA holdings
4,622 shares
Common stock held indirectly in an IRA as a holding entry
Key Terms
Grant, award, or other acquisition, Held by IRA, stock granted in lieu of cash for base salary, indirect ownership
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
Held by IRA financial
"nature_of_ownership: Held by IRA"
stock granted in lieu of cash for base salary financial
"Stock granted in lieu of cash for base salary"
indirect ownership financial
"ownership_type: indirect"
FAQ
What did Imunon (IMNN) Executive Chairman Michael Tardugno report in this Form 4?
Michael H. Tardugno reported an updated position in Imunon common stock. He received 4,410 shares as a grant at $1.91 per share, bringing his direct holdings to 64,396 shares, plus 4,622 shares held indirectly through an IRA.
Was the Imunon (IMNN) Form 4 transaction a market purchase or sale?
The Form 4 shows a grant, not an open-market trade. Tardugno received 4,410 shares of Imunon common stock as stock granted in lieu of cash base salary, coded as a grant or award (transaction code A), rather than buying or selling shares on the market.
What is the price associated with the Imunon (IMNN) stock grant to Michael Tardugno?
The grant lists a price of $1.91 per share for the 4,410 Imunon common shares. This figure reflects the value used for the compensation grant recorded in lieu of cash base salary, not necessarily an open-market trading price.
How is Michael Tardugno’s indirect Imunon (IMNN) ownership structured in this Form 4?
The Form 4 identifies 4,622 Imunon common shares held indirectly through an IRA. This entry is marked as indirect ownership, indicating the shares are held in a retirement account rather than directly in his name, and is labeled as a holding entry.