Director Jeanmarie Desmond (IPGP) receives 2,436-share restricted stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Desmond Jeanmarie F. reported acquisition or exercise transactions in this Form 4 filing.
IPG Photonics director Jeanmarie F. Desmond received an equity grant of 2,436 shares of Common Stock as a restricted stock unit award. The grant price is listed as $0.00 per share, reflecting a compensation grant rather than an open-market purchase. Following this award, Desmond directly holds 12,176 shares of IPG Photonics common stock. The restricted stock units vest in full on the earlier of the first anniversary of the grant date or the next annual stockholders' meeting that occurs at least 50 weeks after the prior year's meeting, conditioned on continued service as a director through the vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Desmond Jeanmarie F.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,436 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,176 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 2,436 shares
Grant price per share: $0.00 per share
Shares held after grant: 12,176 shares
+1 more
4 metrics
RSU grant size
2,436 shares
Restricted stock unit award of Common Stock
Grant price per share
$0.00 per share
Reported transaction price for RSU grant
Shares held after grant
12,176 shares
Total direct holdings following transaction
Transaction code
A
Grant, award, or other acquisition of Common Stock
Key Terms
restricted stock units, vesting, annual stockholders' meeting
3 terms
restricted stock units financial
"Grant of restricted stock units vesting in full on the earlier of the first anniversary"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting financial
"restricted stock units vesting in full on the earlier of the first anniversary"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
annual stockholders' meeting financial
"on the earlier of the first anniversary of the grant date or the next annual stockholders' meeting"
FAQ
What did IPG Photonics (IPGP) director Jeanmarie Desmond report on this Form 4?
IPG Photonics director Jeanmarie F. Desmond reported receiving 2,436 shares of Common Stock as a restricted stock unit grant. The award is compensatory, with a reported grant price of $0.00 per share, and increases Desmond’s direct holdings to 12,176 shares after the transaction.
What are the vesting terms of Jeanmarie Desmond’s IPG Photonics restricted stock units?
The 2,436 restricted stock units vest in full on the earlier of the first anniversary of the grant date or the next annual stockholders’ meeting occurring at least 50 weeks after the prior year’s meeting. Vesting requires Desmond’s continued service as a director through the vesting date.
Is this IPG Photonics Form 4 transaction a buy or a compensation grant?
This Form 4 reflects a compensation grant, not a market buy. Jeanmarie F. Desmond received 2,436 restricted stock units at a stated price of $0.00 per share, consistent with an equity award for board service rather than an open-market purchase or sale.