Imunon (IMNN) Executive Chairman awarded 3,484 shares in stock-based salary
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 a compensation-related stock grant. He received 3,484 shares of Common Stock as a grant or award at $2.20 per share, described as stock granted in lieu of cash for base salary.
After this grant, he holds 8,749 shares of Imunon Common Stock directly. Separately, an indirect entry shows 4,622 shares held through a 401(k) Plan, reflecting retirement-plan ownership rather than an open-market transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,484 shares
Net Buy
2 txns
Insider
Tardugno Michael H
Role
Executive Chairman of Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,484 | $2.20 | $8K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,749 shares (Direct);
Common Stock — 4,622 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- F1. Stock granted in lieu of cash for base salary
Key Figures
Stock grant shares: 3,484 shares
Grant reference price: $2.20 per share
Direct holdings after grant: 8,749 shares
+1 more
4 metrics
Stock grant shares
3,484 shares
Grant, award, or other acquisition of Common Stock
Grant reference price
$2.20 per share
Value used for compensation stock grant
Direct holdings after grant
8,749 shares
Common Stock directly owned after transaction
Indirect 401(k) holdings
4,622 shares
Common Stock held indirectly by 401(k) Plan
Key Terms
Grant, award, or other acquisition, 401(k) Plan, Common Stock, Executive Chairman of Board
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
401(k) Plan financial
"nature_of_ownership: By 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Executive Chairman of Board financial
"officer_title: Executive Chairman of Board"
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 a grant of 3,484 shares of Common Stock. The shares were issued as compensation, specifically stock granted in lieu of cash for base salary, rather than an open-market purchase.
At what price was the Imunon (IMNN) stock grant to Michael H. Tardugno valued?
The 3,484-share grant to Michael H. Tardugno was valued at $2.20 per share. This reflects the reference price used for the compensation award, not a disclosed open-market trading price during the period.
Was the Imunon (IMNN) stock grant to Michael H. Tardugno an open-market purchase or compensation?
The 3,484-share transaction was compensation, not an open-market purchase. It is coded as a grant or award, with a footnote stating the stock was granted in lieu of cash for base salary, indicating a non-cash salary component.
Does the Imunon (IMNN) Form 4 show any insider sales by Michael H. Tardugno?
The Form 4 does not report any insider sales by Michael H. Tardugno. It shows a stock grant of 3,484 shares as compensation and a separate 401(k) Plan holding entry, without any sale or disposition transactions indicated in the data.