Imunon director receives 10,330-share stock award
Fritz Frederick J. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Fritz Frederick J. reported acquisition or exercise transactions in this Form 4 filing.
Imunon, Inc. director Frederick J. Fritz received an equity grant of 10,330 shares of Common Stock at $2.20 per share. The Form 4 describes this as a grant or award, not an open-market purchase. After this transaction, he directly owns 14,097 Imunon shares.
According to the accompanying footnote, the stock was granted in lieu of cash for a portion of his board fees, making this a compensation-related award rather than a discretionary share purchase in the market.
Insights
Director received routine stock compensation instead of cash fees.
Director Frederick J. Fritz was granted 10,330 Imunon Common Stock shares at $2.20 per share as compensation, classified as a “Grant, award, or other acquisition.” The grant increased his direct holdings to 14,097 shares.
The footnote states the stock was granted in lieu of cash for a portion of board fees, indicating a standard equity-based compensation choice rather than an open-market signal trade. This type of transaction is generally viewed as routine and primarily affects how the director is paid, not the company’s fundamentals.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 10,330 | $2.20 | $23K |
Footnotes (1)
- F1. Stock granted in lieu of cash for portion of board fees.
Key Figures
Key Terms
Grant, award, or other acquisition financial
Common Stock financial
in lieu of cash financial
Form 4 regulatory
FAQ
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What did Imunon (IMNN) director Frederick J. Fritz report on this Form 4?
Was the Imunon (IMNN) Form 4 transaction an open-market stock purchase?
Why did Imunon (IMNN) grant stock to its director instead of paying full cash fees?
AI-generated analysis. How Rhea-AI works. Not financial advice.