IPG Photonics (IPGP) CRO Trevor Ness granted 4,621 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ness Trevor reported acquisition or exercise transactions in this Form 4 filing.
IPG Photonics senior vice president and chief revenue officer Trevor Ness received an equity award in the form of restricted stock units tied to common stock. The grant covers 4,621 shares at no purchase price and increases his directly owned common stock to 41,827 shares.
The restricted stock units vest in three annual installments of 33%, 33% and 34% on March 1, 2027, March 1, 2028 and March 1, 2029, aligning his compensation with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ness Trevor
Role
SVP, Chief Revenue Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,621 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 41,827 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did IPG Photonics (IPGP) report for Trevor Ness?
IPG Photonics reported that SVP and Chief Revenue Officer Trevor Ness received a grant of 4,621 restricted stock units of common stock. These units were awarded at no purchase price and represent an additional equity-based component of his compensation package.
What type of equity award did Trevor Ness receive from IPG Photonics (IPGP)?
Trevor Ness received a grant of restricted stock units linked to IPG Photonics common stock. The transaction is classified as a grant, award, or other acquisition rather than an open-market stock purchase, and carries a reported price per share of $0.0000.
When do Trevor Ness’s IPG Photonics (IPGP) restricted stock units vest?
The granted restricted stock units vest in three annual installments. They vest 33% on March 1, 2027, another 33% on March 1, 2028, and the remaining 34% on March 1, 2029, according to the footnote disclosure in the insider filing.
Was the IPG Photonics (IPGP) insider transaction a stock purchase or a grant?
The transaction was a grant or award acquisition of restricted stock units, not an open-market purchase. The filing lists transaction code “A” and a price per share of $0.0000, indicating the shares were awarded as compensation rather than bought for cash.
What role does Trevor Ness hold at IPG Photonics (IPGP) in this Form 4 filing?
In this Form 4, Trevor Ness is identified as an officer of IPG Photonics, serving as Senior Vice President and Chief Revenue Officer. The reported equity grant aligns his compensation with company performance through additional ownership in common stock.