Director at Innovative Solutions (NASDAQ: ISSC) granted 5,618 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silfen Richard A reported acquisition or exercise transactions in this Form 4 filing.
Innovative Solutions & Support Inc. director Richard A. Silfen received a grant of 5,618 Restricted Stock Units (RSUs). The award was made at a stated price of $0.00 per unit as part of his equity compensation.
The RSUs were granted under the company’s 2019 Stock-Based Incentive Compensation Plan. Each RSU represents the right to receive one share of common stock, and the units are scheduled to vest on the first anniversary of the grant date, subject to his continued service. Following this grant, Silfen directly holds 7,508 shares or share-equivalent RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Silfen Richard A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 5,618 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 7,508 shares (Direct, null)
Footnotes (1)
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Key Figures
RSUs granted: 5,618 units
Grant price: $0.00 per unit
Total holdings after grant: 7,508 shares/RSUs
+1 more
4 metrics
RSUs granted
5,618 units
Restricted Stock Units granted on April 16, 2026
Grant price
$0.00 per unit
Stated price for the 5,618 RSUs
Total holdings after grant
7,508 shares/RSUs
Direct ownership following the RSU award
Vesting schedule
First anniversary of grant date
RSUs vest after one year of continued service
Key Terms
Restricted Stock Units, 2019 Stock-Based Incentive Compensation Plan, vest
3 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.
FAQ
What insider transaction did ISSC director Richard A. Silfen report?
Richard A. Silfen reported receiving 5,618 Restricted Stock Units (RSUs). The grant was made at a stated price of $0.00 per unit under Innovative Solutions & Support Inc.’s 2019 Stock-Based Incentive Compensation Plan as part of his director equity compensation.
When will the newly granted ISSC RSUs to Richard A. Silfen vest?
The 5,618 RSUs granted to Richard A. Silfen are scheduled to vest on the first anniversary of the grant date. Vesting is conditioned on his continued service with Innovative Solutions & Support Inc. through that one-year period.
Under which plan were the ISSC RSUs granted to director Richard A. Silfen?
The RSUs were granted under Innovative Solutions & Support Inc.’s 2019 Stock-Based Incentive Compensation Plan. This plan provides equity-based awards like Restricted Stock Units to directors and other eligible participants as part of their overall compensation.
What does each RSU granted to ISSC director Richard A. Silfen represent?
Each RSU represents the right to receive one share of Innovative Solutions & Support Inc. common stock. Delivery of the underlying shares will occur upon vesting of the RSUs, assuming Silfen continues to provide service through the scheduled vesting date.