IPG Photonics (IPGP) awards 1,789 RSUs to Chief Accounting Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Buttarazzi Mary E. reported acquisition or exercise transactions in this Form 4 filing.
IPG Photonics Corporation reported that VP, Corporate Controller and Chief Accounting Officer Mary E. Buttarazzi received an equity award of 1,789 shares of common stock in the form of restricted stock units. After this grant, she directly owns 5,684 common shares.
The restricted stock units vest over three years, with 33% vesting on March 1, 2027, 33% on March 1, 2028, and the remaining 34% on March 1, 2029, aligning her compensation with the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Buttarazzi Mary E.
Role
VP, Corp Controller and CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,789 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,684 shares (Direct)
Footnotes (1)
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FAQ
What did IPG Photonics (IPGP) disclose about Mary E. Buttarazzi in this Form 4?
IPG Photonics disclosed that Mary E. Buttarazzi, its VP, Corporate Controller and CAO, received a grant of 1,789 restricted stock units. These units represent shares of common stock and increase her direct holdings to a total of 5,684 common shares following the transaction.
What is the vesting schedule for Mary E. Buttarazzi’s IPGP restricted stock units?
The 1,789 restricted stock units vest in three annual installments: 33% on March 1, 2027, 33% on March 1, 2028, and 34% on March 1, 2029. This multi-year vesting structure supports long-term alignment with IPG Photonics’ performance.
What is Mary E. Buttarazzi’s total IPG Photonics ownership after this grant?
Following the grant, Mary E. Buttarazzi directly owns 5,684 shares of IPG Photonics common stock. This figure includes the newly awarded 1,789 restricted stock units, as reported in the Form 4’s post-transaction ownership line for non-derivative securities.
Was the IPG Photonics (IPGP) equity grant to Mary E. Buttarazzi a market purchase?
No, the equity grant was not a market purchase. The Form 4 lists transaction code “A” for a grant, award, or other acquisition, with a transaction price of $0.00 per share, indicating it is part of her compensation rather than an open-market buy.
What role does Mary E. Buttarazzi hold at IPG Photonics (IPGP)?
Mary E. Buttarazzi serves as VP, Corporate Controller and Chief Accounting Officer at IPG Photonics. The Form 4 identifies her as an officer of the company and reports her receipt of restricted stock units as part of her equity-based compensation.