LGL Group (LGL) VP sells rights from distribution, keeps 10,000 shares
Rhea-AI Filing Summary
LGL GROUP INC (LGL) reports that Vice President Tiffany Renee Hayden sold 10,000 Subscription Rights on July 15, 2026 at $0.0062 per right. Each right entitled the holder to purchase one share of common stock at an exercise price of $6.90 per share.
Following this transaction, Hayden directly holds 10,000 shares of common stock, including 3,333 fully vested shares and 6,667 restricted shares. Of the restricted shares, 3,333 are scheduled to vest on January 16, 2027 and 3,334 on January 16, 2028, in each case under the applicable award agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hayden Tiffany Renee
Role
Vice President
Sold
10,000 shs ($62.00)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Subscription Rights (right to purchase) F2 | 10,000 | $0.0062 | $62.00 |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Subscription Rights (right to purchase) — 0 shares (Direct);
Common Stock — 10,000 shares (Direct)
Footnotes (2)
- F1. Includes 3,333 shares that are fully vested and unrestricted as of the filing date and 6,667 shares that are restricted and subject to vesting, of which 3,333 shares vest on January 16, 2027 and 3,334 shares vest on January 16, 2028, in each case subject to the terms and conditions of the applicable award agreement.
- F2. On June 5, 2026, holders of the Issuer's common stock, par value $0.01 per share (the "Common Stock"), received one transferable subscription right (the "Rights") for each share of Common Stock held by such holder as of June 4, 2026. When exercisable, one (1) Right will entitle their holder to purchase one (1) share of Common Stock at an exercise price of $6.90 per share.
Key Figures
Subscription Rights sold: 10,000 rights
Sale price per Subscription Right: $0.0062 per right
Exercise price of Rights: $6.90 per share
+5 more
8 metrics
Subscription Rights sold
10,000 rights
Derivative transaction by Vice President Tiffany Renee Hayden on July 15, 2026
Sale price per Subscription Right
$0.0062 per right
Reported transaction price on July 15, 2026
Exercise price of Rights
$6.90 per share
Each right entitles purchase of one share of common stock
Underlying common shares per Right
1 share per right
One Subscription Right for each share of common stock held
Common shares held after transaction
10,000 shares
Direct holdings of Tiffany Renee Hayden following reported transactions
Fully vested shares
3,333 shares
Portion of Hayden’s 10,000 LGL common shares that are fully vested and unrestricted
Restricted shares vesting 2027
3,333 shares
Restricted shares scheduled to vest on January 16, 2027
Restricted shares vesting 2028
3,334 shares
Restricted shares scheduled to vest on January 16, 2028
Key Terms
Subscription Rights, transferable subscription right, exercise price, restricted, +1 more
5 terms
Subscription Rights financial
"Subscription Rights (right to purchase)"
Subscription rights are short-term privileges given to existing shareholders to buy additional new shares before the general public, typically at a set price and in proportion to their current holdings. Think of it as getting a coupon for first dibs on extra slices of a pizza so your share of the pie doesn’t shrink; exercising them can be a cheaper way to maintain your ownership and voting power, while ignoring them can reduce your stake and potential future earnings.
transferable subscription right financial
"received one transferable subscription right (the "Rights")"
exercise price financial
"entitle their holder to purchase one (1) share of Common Stock at an exercise price"
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.
restricted financial
"6,667 shares that are restricted and subject to vesting"
vesting financial
"shares that are restricted and subject to vesting"
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.
FAQ
What insider transaction did LGL (LGL) disclose for Tiffany Renee Hayden?
LGL disclosed that Vice President Tiffany Renee Hayden sold 10,000 Subscription Rights on July 15, 2026 at $0.0062 per right. These rights were linked to purchasing LGL common stock at a $6.90 exercise price per share under a rights distribution.
What are the key terms of the Subscription Rights reported by LGL (LGL)?
Each Subscription Right entitled the holder to purchase one share of LGL common stock at an exercise price of $6.90 per share. Rights were received on June 5, 2026, one right for each share of common stock held as of June 4, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
