Imunon, Inc. (IMNN) grants chair 6,358 shares instead of cash salary
Rhea-AI Filing Summary
Tardugno Michael H reported acquisition or exercise transactions in this Form 4 filing.
Imunon, Inc. granted its Executive Chairman Michael H. Tardugno 6,358 shares of common stock on July 31, 2026, valued at $1.59 per share, as stock in lieu of cash base salary, increasing his direct holdings to 75,357 shares plus 4,622 shares held indirectly through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,358 shares
Net Buy
2 txns
Insider
Tardugno Michael H
Role
Executive Chairman of Board
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 6,358 | $1.59 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 75,357 shares (Direct);
Common Stock — 4,622 shares (Indirect, Held by IRA)
Footnotes (1)
- F1. Stock granted in lieu of cash for base salary
Key Figures
Shares granted: 6,358 shares
Grant valuation: $1.59 per share
Direct holdings after grant: 75,357 shares
+2 more
5 metrics
Shares granted
6,358 shares
Common stock granted to Executive Chairman on July 31, 2026
Grant valuation
$1.59 per share
Value per share for stock granted in lieu of cash base salary
Direct holdings after grant
75,357 shares
Total directly held Imunon common shares following the award
Indirect IRA holdings
4,622 shares
Imunon common shares reported as held indirectly by IRA
Equity compensation events
1 acquisition
One grant, award, or other acquisition reported in the period
Key Terms
Grant, award, or other acquisition, Held by IRA, stock granted in lieu of cash for base salary
3 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
"Footnote: Stock granted in lieu of cash for base salary"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transaction did Imunon (IMNN) report for Michael H. Tardugno?
Imunon reported that Executive Chairman Michael H. Tardugno received 6,358 shares of common stock on July 31, 2026, as a grant. The shares were issued in lieu of cash base salary, reflecting a form of equity-based executive compensation.
How was the Imunon (IMNN) stock grant to Michael H. Tardugno structured?
The stock grant to Michael H. Tardugno consisted of 6,358 shares of common stock provided in lieu of cash for base salary. This indicates that part of his executive compensation was paid in equity rather than in cash.
Was the Imunon (IMNN) stock grant to Michael H. Tardugno made under a Rule 10b5-1 trading plan?
No. The disclosure indicates the Rule 10b5-1 checkbox was not marked as affirmative. The reported grant of 6,358 shares in lieu of cash salary is therefore not identified as being executed under a pre-arranged trading plan.