Loop Industries, Inc. (LOOP) director receives 140,350 RSUs with time-based vest
Rhea-AI Filing Summary
Sellyn Laurence G. reported acquisition or exercise transactions in this Form 4 filing.
Loop Industries, Inc. director Sellyn Laurence G. received a grant of 140,350 restricted stock units tied to common stock on 2026-07-23, with a reported price per share of $0.00. The RSUs vest in full on the earlier of one year after the grant date or the day before the next annual meeting of stockholders, subject to continued service as a non-employee director. Each RSU represents a contingent right to receive one share of common stock. After this award, Sellyn is reported as directly owning 587,711 shares of Loop Industries common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 140,350 shares
Net Buy
1 txn
Insider
Sellyn Laurence G.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 140,350 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 587,711 shares (Direct)
Footnotes (1)
- F1. This reported transaction involved the grant of 140,350 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.
Key Figures
RSUs Granted: 140,350 units
Price per Share: $0.00
Shares Owned After Transaction: 587,711 shares
+2 more
5 metrics
RSUs Granted
140,350 units
Restricted stock units granted on 2026-07-23 to a non-employee director
Price per Share
$0.00
Reported transaction price per share for the RSU-related common stock entry
Shares Owned After Transaction
587,711 shares
Direct ownership of Loop Industries common stock following the RSU grant
Vesting Period
1 year
RSUs vest on the earlier of one-year anniversary or day before next annual meeting
RSU-to-Share Ratio
1 RSU : 1 share
Each RSU represents a contingent right to receive one share of common stock
Key Terms
restricted stock units, contingent right, non-employee director, Rule 10b5-1 trading plan
4 terms
restricted stock units financial
"grant of 140,350 restricted stock units (RSU), which shall fully vest"
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"
non-employee director financial
"provided that the Reporting Person continues to serve as a non-employee director"
Rule 10b5-1 trading plan financial
"The filing’s Rule 10b5-1 checkbox is not checked"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider equity award did Loop Industries (LOOP) report for Sellyn Laurence G.?
Loop Industries (LOOP) reported that director Sellyn Laurence G. received a grant of 140,350 restricted stock units on 2026-07-23. Each RSU represents a contingent right to receive one share of Loop Industries common stock, subject to vesting conditions and continued service as a non-employee director.
What are the vesting terms of the 140,350 RSUs granted by Loop Industries (LOOP)?
The 140,350 RSUs granted by Loop Industries (LOOP) vest in full on the earlier of one year after the grant date or the day before the next annual meeting of stockholders. Vesting requires that the reporting person continue serving as a non-employee director through the applicable vesting date.
Does the Loop Industries (LOOP) RSU grant to Sellyn Laurence G. involve any cash purchase price?
No cash purchase price is indicated; the Form 4 lists a price per share of $0.00 for the 140,350 RSUs. This characterizes the transaction as a compensation-related grant or award rather than an open-market purchase of Loop Industries (LOOP) common stock.
Was the Loop Industries (LOOP) RSU grant reported as made under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not checked, indicating the reported RSU grant was not designated as made pursuant to a Rule 10b5-1 trading plan. The transaction is presented as a standard equity compensation award to a non-employee director of Loop Industries (LOOP).