JOINT Corp director awarded 73,484 restricted shares
Razdan Sanjiv Kumar reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Razdan Sanjiv Kumar reported acquisition or exercise transactions in this Form 4 filing.
JOINT Corp director and officer Sanjiv Kumar Razdan received a grant of 73,484 shares of Common Stock as a stock award, with no cash paid per share. All of these are restricted shares that vest in four equal installments of 25% on each of the first four anniversaries of the grant date.
After this award, Razdan directly holds 162,516 shares of JOINT Corp common stock. Because this is a compensation-related grant rather than an open-market purchase, it reflects equity-based pay designed to align his interests with shareholders over the multi‑year vesting period.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 73,484 | $0.00 | $0.00 |
Footnotes (1)
- F1. All of the shares are restricted shares, with 25% vesting on each of the first four anniversaries of the grant date.
FAQ
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What did Sanjiv Kumar Razdan acquire in JOINT Corp (JYNT) on this Form 4?
Is the JOINT Corp (JYNT) Form 4 for a market purchase or a compensation award?
What role does Sanjiv Kumar Razdan hold at JOINT Corp (JYNT) in this filing?
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