Lightbridge Corp (LTBR) grants director 10,000 restricted stock awards
Rhea-AI Filing Summary
Lightbridge Corp director Jesse L. Funches reported acquiring 10,000 shares of Common Stock through a grant of restricted stock awards at $0.00 per share. These RSAs vest in six equal semi-annual installments over a three-year period, contingent on his continued service, bringing his direct holdings to 84,022 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 10,000 shares
Net Buy
1 txn
Insider
Funches Jesse L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 10,000 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 84,022 shares (Direct)
Footnotes (1)
- F1. Represents a grant of restricted stock awards (RSAs). These RSAs vest in six equal semi-annual installments over a three-year period, starting on the first semi-annual anniversary of the grant date, contingent on the reporting person's continued service on each such vesting date.
Key Figures
Restricted stock award grant: 10,000 shares
Grant price: $0.00 per share
Holdings after transaction: 84,022 shares
+2 more
5 metrics
Restricted stock award grant
10,000 shares
Common Stock RSAs granted to Jesse L. Funches
Grant price
$0.00 per share
Reported transaction price for the RSAs
Holdings after transaction
84,022 shares
Common Stock directly owned following the grant
Vesting installments
6 installments
RSAs vest in six equal semi-annual installments
Vesting period
3 years
RSAs vest over a three-year period, contingent on continued service
Key Terms
restricted stock awards (RSAs), semi-annual installments, continued service
3 terms
restricted stock awards (RSAs) financial
"Represents a grant of restricted stock awards (RSAs). These RSAs vest"
semi-annual installments financial
"These RSAs vest in six equal semi-annual installments over a three-year"
continued service financial
"contingent on the reporting person's continued service on each such vesting date"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What transaction did Jesse L. Funches report for Lightbridge (LTBR)?
Jesse L. Funches reported acquiring 10,000 shares of Lightbridge Common Stock via a grant of restricted stock awards. The grant carried a reported price of $0.00 per share and increased his directly held position to 84,022 shares of Common Stock.
How do the new restricted stock awards for LTBR vest?
The 10,000 restricted stock awards (RSAs) vest in six equal semi-annual installments over a three-year period. Vesting on each date is contingent on continued service by Jesse L. Funches with Lightbridge, aligning share delivery with his ongoing board tenure.
What are Jesse L. Funches’ total LTBR holdings after this Form 4?
Following the grant, Jesse L. Funches directly owns 84,022 shares of Lightbridge Common Stock. This figure reflects the addition of 10,000 RSAs reported in the filing and represents his post-transaction direct beneficial ownership position as disclosed.
Was the LTBR transaction a market purchase or a stock award?
The LTBR transaction was reported as a grant of restricted stock awards, not an open-market purchase. The filing shows 10,000 shares acquired at a stated price of $0.00 per share, indicating an equity award rather than a cash-funded buy.
What conditions affect vesting of the LTBR restricted stock awards?
The 10,000 RSAs vest only if Jesse L. Funches maintains continued service on each vesting date. They are scheduled to vest in six equal semi-annual tranches over three years, so leaving service early could prevent some installments from vesting.