Loop Industries (LOOP) director receives 105,263 RSUs in equity grant
Rhea-AI Filing Summary
Stubina Jay Howard reported acquisition or exercise transactions in this Form 4 filing.
Loop Industries director Jay Howard Stubina received a grant of 105,263 restricted stock units on July 23, 2026. The RSUs vest on the earlier of one year from grant or the day before the next annual meeting of stockholders, conditional on his continued service as a non-employee director. After this award he holds 308,178 shares directly and 285,000 shares indirectly through 6337708 Canada Inc., a corporation he controls.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 105,263 shares
Net Buy
2 txns
Insider
Stubina Jay Howard
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 105,263 | $0.00 | $0.00 |
| holding | Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 308,178 shares (Direct);
Common Stock — 285,000 shares (Indirect, See Footnote)
Footnotes (2)
- F1. This reported transaction involved the grant of 105,263 restricted stock units ("RSU"), which shall fully vest upon the earlier of the one (1) year anniversary of the grant date or on the day prior to Loop Industries, Inc.'s (the "Company") next annual meeting of stockholders occurring after the grant date, provided that the Reporting Person continues to serve as a non-employee director through the applicable vesting date. Each RSU represents a contingent right to receive one share of the Company's common stock.
- F2. Shares are held by 6337708 Canada Inc., a corporation duly formed and existing under the laws of Canada and controlled by Jay Stubina.
Key Figures
Restricted stock units granted: 105,263 units
Direct shares after transaction: 308,178 shares
Indirect shares held: 285,000 shares
+1 more
4 metrics
Restricted stock units granted
105,263 units
Grant to non-employee director Jay Howard Stubina on July 23, 2026
Direct shares after transaction
308,178 shares
Total direct ownership of Loop Industries common stock following the RSU grant
Indirect shares held
285,000 shares
Shares held through 6337708 Canada Inc., controlled by Jay Stubina
RSU vesting period
one (1) year
RSUs fully vest on the earlier of one year from grant or day before next annual meeting
Key Terms
restricted stock units, contingent right, non-employee director, indirect
4 terms
restricted stock units financial
"This reported transaction involved the grant of 105,263 restricted stock units ("RSU")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each RSU represents a contingent right to receive one share of the Company's"
non-employee director financial
"provided that the Reporting Person continues to serve as a non-employee director"
indirect financial
"Shares are held by 6337708 Canada Inc., a corporation ... controlled by Jay Stubina"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Loop Industries (LOOP) report for director Jay Howard Stubina?
Loop Industries reported that director Jay Howard Stubina received a grant of 105,263 restricted stock units (RSUs) on July 23, 2026. Each RSU represents a contingent right to receive one share of Loop Industries’ common stock, subject to vesting conditions.
When do the 105,263 RSUs granted to the Loop Industries (LOOP) director vest?
The 105,263 RSUs will fully vest on the earlier of one year from the grant date or the day before Loop Industries’ next annual meeting of stockholders after the grant. Vesting requires Stubina to continue serving as a non-employee director through that date.
What is the role of 6337708 Canada Inc. in the Loop Industries (LOOP) ownership disclosed?
6337708 Canada Inc. holds 285,000 Loop Industries shares and is described as a corporation formed under Canadian law and controlled by Jay Stubina. These shares are reported as indirectly owned, reflecting Stubina’s control over the holding entity.
Is the Loop Industries (LOOP) RSU grant to Jay Howard Stubina under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox was not marked as affirmative, so the reported RSU grant is not designated as being made pursuant to a Rule 10b5-1 trading plan. It appears as a standard equity compensation award to a non-employee director.