Marc Gabelli awarded 2,067 LGL (NYSE: LGL) shares vesting in 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
GABELLI MARC reported acquisition or exercise transactions in this Form 4 filing.
LGL Group Inc. director and ten percent owner Marc Gabelli received a grant of 2,067 shares of Common Stock as compensation, at a stated price of $0.0000 per share. These shares vest three years from the grant date, on March 26, 2029, bringing his direct holdings to 146,381 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GABELLI MARC
Role
Director, 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,067 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 146,381 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Shares granted: 2,067 shares
Grant price per share: $0.0000 per share
Total holdings after grant: 146,381 shares
+1 more
4 metrics
Shares granted
2,067 shares
Common Stock grant on March 26, 2026
Grant price per share
$0.0000 per share
Recorded grant price for the award
Total holdings after grant
146,381 shares
Direct Common Stock owned following transaction
Vesting date
March 26, 2029
Shares vest three years from grant date
Key Terms
Common Stock, Grant, award, or other acquisition, vest, ten percent owner
4 terms
Common Stock financial
"security_title: "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.
Grant, award, or other acquisition financial
"transaction_code_description: "Grant, award, or other acquisition""
vest financial
"These shares vest 3 years from the date of grant"
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.
ten percent owner financial
"is_ten_percent_owner: 1"
FAQ
What insider transaction did LGL (LGL) report for Marc Gabelli?
LGL reported that director and ten percent owner Marc Gabelli received a grant of 2,067 shares of Common Stock. The award was recorded at a price of $0.0000 per share and increased his direct holdings to 146,381 shares after the transaction.
What does transaction code "A" mean in the LGL (LGL) Form 4 filing?
In this Form 4, transaction code "A" indicates a grant, award, or other acquisition of securities. For Marc Gabelli, it reflects a compensatory award of 2,067 Common Stock shares rather than an open-market purchase or sale, with no cash price paid per share.