Loop Industries (LOOP) awards 105,263 restricted stock units to board member
Rhea-AI Filing Summary
Loop Industries, Inc. director Louise S Sams received a grant of 105,263 restricted stock units on July 23, 2026, at no cash cost. The RSUs vest in full on the earlier of one year after grant or the day before the next annual stockholder meeting, subject to continued service as a non-employee director, and each RSU converts into one common share. Following this award, she directly beneficially owns 259,678 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 105,263 shares
Net Buy
1 txn
Insider
Sams Louise S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 105,263 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 259,678 shares (Direct)
Footnotes (1)
- 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.
Key Figures
RSU grant: 105,263 restricted stock units
Grant price: $0.0000 per share
Shares following transaction: 259,678 shares
+1 more
4 metrics
RSU grant
105,263 restricted stock units
Equity award to director Louise S Sams on July 23, 2026
Grant price
$0.0000 per share
RSUs granted at no cash cost to the director
Shares following transaction
259,678 shares
Total Loop Industries common stock directly owned after the RSU grant
Vesting period
1 year
RSUs vest on the earlier of one year after grant or before the next annual meeting
Key Terms
restricted stock units, non-employee director, contingent right
3 terms
restricted stock units financial
"grant of 105,263 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.
non-employee director financial
"provided that the Reporting Person continues to serve as a non-employee director"
contingent right financial
"Each RSU represents a contingent right to receive one share"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did director Louise S Sams report in the Form 4 for LOOP?
Louise S Sams reported receiving a grant of 105,263 restricted stock units (RSUs) of Loop Industries common stock. The RSUs are granted at no cash cost, vest based on continued board service, and increase her directly owned position to 259,678 shares after the award.
How many RSUs did Loop Industries (LOOP) grant to Louise S Sams?
Loop Industries granted 105,263 restricted stock units to director Louise S Sams. Each RSU represents a contingent right to receive one share of Loop Industries common stock, subject to vesting conditions tied to time and continued service on the board.
When do the 105,263 RSUs granted by LOOP to Louise S Sams vest?
The 105,263 RSUs vest in full on the earlier of one year after the July 23, 2026 grant date or the day before Loop Industries’ next annual stockholder meeting, provided she continues to serve as a non-employee director through the applicable vesting date.
Is the LOOP Form 4 RSU grant to Louise S Sams under a Rule 10b5-1 plan?
The Rule 10b5-1 trading plan checkbox is not marked for this Form 4, and no footnote states the grant is pursuant to such a plan. The reported transaction is a grant or award of equity, not a market trade executed under a preset trading program.