Director Nicholas DeBenedictis (MG) receives 6,862-share Mistras stock award as fees
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DEBENEDICTIS NICHOLAS reported acquisition or exercise transactions in this Form 4 filing.
Mistras Group, Inc. director Nicholas DeBenedictis received a stock award as part of his director fees. He was granted 6,862 shares of common stock at no cash cost, increasing his direct holdings to 248,820 shares. The filing also reports 25,000 shares held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
DEBENEDICTIS NICHOLAS
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,862 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 248,820 shares (Direct, null);
Common Stock — 25,000 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
Key Figures
Stock award: 6,862 shares
Direct holdings after award: 248,820 shares
Indirect holdings by spouse: 25,000 shares
+1 more
4 metrics
Stock award
6,862 shares
Common Stock grant for director fees
Direct holdings after award
248,820 shares
Common Stock directly held after grant
Indirect holdings by spouse
25,000 shares
Common Stock held indirectly through spouse
Grant price
$0.00 per share
Reported price for 6,862-share stock award
Key Terms
Grant, award, or other acquisition, By Spouse, Common Stock, director fees
4 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
By Spouse financial
"nature_of_ownership: By Spouse"
Common Stock financial
"security_title: Common Stock"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
director fees financial
"Transaction represents an award of stock for director fees."
FAQ
What did Mistras Group (MG) director Nicholas DeBenedictis report on this Form 4?
Nicholas DeBenedictis reported receiving a stock award of 6,862 Mistras Group common shares. The award represents director fees paid in stock, not an open-market purchase, and increased his directly held position disclosed in the filing.
What are Nicholas DeBenedictis’s Mistras Group (MG) direct holdings after the transaction?
After the stock award, his direct holdings total 248,820 Mistras Group common shares. This figure reflects his position following the 6,862-share grant recorded as compensation for serving on the company’s board of directors.
Does the Mistras Group (MG) Form 4 show any indirect ownership for the director?
Yes. The filing reports 25,000 Mistras Group common shares held indirectly through his spouse. This entry is listed as indirect ownership, separate from his 248,820 directly held shares disclosed in the same Form 4.
Was the Mistras Group (MG) director’s stock award an open-market transaction?
No. The Form 4 states the transaction was a grant of stock for director fees, coded as an award. The shares were issued at a price of $0.00 per share, indicating compensation rather than a market buy or sell.