INNOVATIVE SOLUTIONS & SUPPORT (ISSC) director awarded 5,618 RSUs in stock-based grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dean Garry C. reported acquisition or exercise transactions in this Form 4 filing.
INNOVATIVE SOLUTIONS & SUPPORT INC director Garry C. Dean received a compensation-related equity grant. On the reported date, he was awarded 5,618 Restricted Stock Units (RSUs) at no cash cost under the company’s 2019 Stock-Based Incentive Compensation Plan.
Each RSU represents one share of common stock and is scheduled to vest on the first anniversary of the grant date, subject to his continued service. Following this award, Dean directly holds 29,408 shares, highlighting ongoing alignment of his compensation with shareholder interests through stock-based incentives.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dean Garry C.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,618 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 29,408 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 5,618 units
Shares after transaction: 29,408 shares
Grant price: $0.0000 per unit
+2 more
5 metrics
RSUs granted
5,618 units
Restricted Stock Units awarded to director on grant date
Shares after transaction
29,408 shares
Total direct holdings following RSU grant
Grant price
$0.0000 per unit
Reported transaction price per RSU (compensation grant)
Transaction code
Code A
Grant, award, or other acquisition of RSUs
Transaction direction
acquire
Non-derivative acquisition via RSU grant
Key Terms
Restricted Stock Units, 2019 Stock-Based Incentive Compensation Plan, vest, Common Stock
4 terms
Restricted Stock Units financial
"The RSUs were granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan."
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.
2019 Stock-Based Incentive Compensation Plan financial
"The RSUs were granted pursuant to the Company's 2019 Stock-Based Incentive Compensation Plan."
vest financial
"The RSUs are scheduled to vest on the first anniversary of the grant date, subject to continued service"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Common Stock financial
"Each RSU represents the right to receive one share of Common Stock."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did INNOVATIVE SOLUTIONS & SUPPORT (ISSC) director Garry C. Dean report on this Form 4?
He reported receiving 5,618 Restricted Stock Units as a compensation grant. The RSUs were awarded at no cash cost and increase his direct holdings to 29,408 shares after the transaction, aligning part of his pay with the company’s stock performance over time.
How many INNOVATIVE SOLUTIONS & SUPPORT (ISSC) RSUs were granted to Garry C. Dean?
He received 5,618 Restricted Stock Units in this transaction. Each RSU represents the right to receive one share of ISSC common stock, subject to vesting conditions. This grant was made under the company’s 2019 Stock-Based Incentive Compensation Plan as part of director compensation.
When do Garry C. Dean’s INNOVATIVE SOLUTIONS & SUPPORT (ISSC) RSUs vest?
The RSUs are scheduled to vest on the first anniversary of the grant date. Vesting is conditioned on Dean’s continued service with the company, meaning he must remain in his role through that one-year period to receive the underlying common shares.
What does each INNOVATIVE SOLUTIONS & SUPPORT (ISSC) RSU granted to Garry C. Dean represent?
Each Restricted Stock Unit represents the right to receive one share of ISSC common stock. The shares are only delivered when the RSUs vest, which in this case is scheduled for the first anniversary of the grant date, assuming continued service by Dean.
Under which plan were Garry C. Dean’s INNOVATIVE SOLUTIONS & SUPPORT (ISSC) RSUs granted?
The RSUs were granted under the company’s 2019 Stock-Based Incentive Compensation Plan. This plan is designed to deliver equity-based compensation, such as RSUs, to align directors’ and employees’ interests with long-term shareholder value through ownership in ISSC common stock.