LGL Group (LGL) CEO granted 50,000 shares and 50,000 stock options
Rhea-AI Filing Summary
LGL Group’s Chief Executive Officer Jason D. Lamb reported new equity awards. On January 16, 2026, he was granted 50,000 shares of common stock at a price of $0, classified as restricted shares. According to the footnote, these restricted shares vest in three tranches: 16,666 shares immediately, 16,666 shares on January 16, 2027, and 16,668 shares on January 16, 2028. After this award, he directly beneficially owned 50,000 common shares. On the same date he also received a stock option covering 50,000 shares of common stock with an exercise price of $7.66 per share. The option is reported as fully vested as of the grant date and exercisable until January 16, 2031, with 50,000 derivative securities held directly after the transaction.
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FAQ
What insider transaction did LGL (LGL) report for January 16, 2026?
LGL Group reported that Chief Executive Officer Jason D. Lamb received 50,000 shares of common stock and a stock option for 50,000 shares on January 16, 2026, both recorded as awards with a reported price of $0 per security.
How do Jason D. Lamb’s 50,000 LGL restricted shares vest?
The 50,000 restricted shares vest in three installments: 16,666 shares immediately, 16,666 shares on January 16, 2027, and 16,668 shares on January 16, 2028, as described in the footnote.
What are the key terms of Jason D. Lamb’s LGL stock option grant?
The stock option covers 50,000 shares of LGL common stock at an exercise price of $7.66 per share. It became fully vested as of the grant date, January 16, 2026, and has an expiration date of January 16, 2031.
How many LGL common shares does Jason D. Lamb own after this Form 4 transaction?
After the reported award on January 16, 2026, Jason D. Lamb beneficially owned 50,000 shares of LGL common stock directly, as shown in the filing.
Does Jason D. Lamb hold his LGL equity awards directly or indirectly?
Both the 50,000 common shares and the 50,000-share stock option are reported as held with direct ownership, with no separate entity listed for indirect ownership.
What role does Jason D. Lamb hold at LGL Group?
Jason D. Lamb is identified in the filing as an officer of LGL Group, serving as its Chief Executive Officer.