IPG Photonics director granted 2,436 share RSU award
Desmond Jeanmarie F. reported acquisition or exercise transactions in this Form 4 filing.
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
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,436 | $0.00 | $0.00 |
Footnotes (1)
- F1. Grant of restricted stock units vesting 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, subject to the Reporting Person's continued services as a director of the Issuer through the vesting date.
Key Figures
Key Terms
restricted stock units financial
vesting financial
annual stockholders' meeting financial
FAQ
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What did IPG Photonics (IPGP) director Jeanmarie Desmond report on this Form 4?
What are the vesting terms of Jeanmarie Desmond’s IPG Photonics restricted stock units?
Is this IPG Photonics Form 4 transaction a buy or a compensation grant?
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