LGL Group (NYSE: LGL) director granted 2,308 shares and corrects prior share count
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
LGL Group Inc. director Manjit Kalha reported a stock-based compensation grant and corrected prior share balances. On March 25, 2025, Kalha received 2,308 shares of common stock at $0.00 per share as a grant described as a “grant, award, or other acquisition.” These shares vest three years from the grant date, on March 25, 2028.
Following the grant, Kalha directly owns 29,933 common shares, correcting an earlier figure of 29,993 shares previously reported. The filing also lists outstanding warrants with an exercise price of $4.75 per share, expiring on November 16, 2025, that are exercisable into 2,028 underlying common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Kalha Manjit
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,308 | $0.00 | -- |
| holding | Warrants | -- | -- | -- |
Holdings After Transaction:
Common Stock — 29,933 shares (Direct, null);
Warrants — 2,028 shares (Direct, null)
Footnotes (1)
- These shares vest 3 years from the date of grant, on 3/25/2028. The original Form 4, filed on March 27, 2025, is being amended by this Form 4/A solely to correct an administrative error in Column 5 of Table I. The original filing inadvertently reported that the Reporting Person owned 29,993 shares following the transaction; however, as reported in this amendment, the Reporting Person actually owned 29,933 shares. This correction also addresses the incorrect balances reported in subsequent intervening filings.
Key Figures
Common stock grant: 2,308 shares at $0.00
Shares owned after grant: 29,933 shares
Corrected prior balance: 29,993 vs. 29,933 shares
+3 more
6 metrics
Common stock grant
2,308 shares at $0.00
Grant, award, or other acquisition on March 25, 2025
Shares owned after grant
29,933 shares
Direct common stock holdings following transaction
Corrected prior balance
29,993 vs. 29,933 shares
Form 4/A fixes administrative error in prior filings
Warrant exercise price
$4.75 per share
Exercise price for warrants on underlying common stock
Underlying warrant shares
2,028 shares
Common shares underlying warrants expiring November 16, 2025
Vesting date for grant
March 25, 2028
Three-year vesting schedule from grant date
Key Terms
Form 4/A, grant, award, or other acquisition, warrants, vesting, +2 more
6 terms
Form 4/A regulatory
"The original Form 4, filed on March 27, 2025, is being amended by this Form 4/A solely to correct an administrative error"
Form 4/A is an amended filing that corrects or updates an earlier Form 4, the mandatory report that insiders (like company executives, directors, or large shareholders) must file when their ownership stakes change. Think of it as an edited receipt showing who bought or sold stock and when; investors use it to track insider confidence, detect potential conflicts, and spot trading patterns that might signal future company prospects.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
warrants financial
"security_title": "Warrants""
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
vesting financial
"These shares vest 3 years from the date of grant, on 3/25/2028."
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
exercise price financial
"conversion_or_exercise_price": "4.7500""
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
underlying common stock financial
"underlying_security_title": "Common Stock""
FAQ
What insider transaction did LGL (LGL) director Manjit Kalha report?
LGL director Manjit Kalha reported receiving 2,308 shares of common stock as a grant, award, or other acquisition on March 25, 2025. The shares were issued at $0.00 per share as stock-based compensation, not an open‑market purchase.
What is being corrected by this LGL (LGL) Form 4/A amendment?
The Form 4/A corrects an administrative error in Column 5 of Table I. Earlier filings stated that Kalha owned 29,993 shares after the transaction; the amendment clarifies the correct figure is 29,933 shares and adjusts subsequent reported balances accordingly.
Is Manjit Kalha’s LGL (LGL) transaction an open-market buy or sell?
The reported transaction is a grant, award, or other acquisition coded as A, not an open‑market trade. Kalha did not buy shares in the market; instead, he received 2,308 shares of common stock at $0.00 per share as compensation.