Mitek Systems (MITK) director receives 11,448-share annual equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Fay James Daniel reported acquisition or exercise transactions in this Form 4 filing.
Mitek Systems Inc. director James Daniel Fay reported an equity award in the form of 11,448 shares of Common Stock as restricted stock units granted on March 3, 2026. The award is described as the annual equity grant made to non-employee directors under the company’s director compensation program.
According to the report, Fay now holds 38,152 shares of Common Stock directly following this grant. The restricted stock units vest at the later of the next annual shareholders meeting or one year after the grant date, tying full share delivery to continued board service over that period.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Fay James Daniel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,448 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 38,152 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Mitek Systems (MITK) director James Daniel Fay report?
James Daniel Fay reported an acquisition of 11,448 shares of Mitek Systems Common Stock as restricted stock units granted on March 3, 2026. This is an annual equity grant under the company’s non-employee director compensation program tied to board service.
What type of equity award did Mitek Systems (MITK) grant to director James Daniel Fay?
Mitek Systems granted James Daniel Fay restricted stock units representing 11,448 shares of Common Stock. The filing notes this award is the annual equity grant provided to non-employee directors as part of the company’s established director compensation program linked to its annual meeting.
When do James Daniel Fay’s Mitek Systems (MITK) restricted stock units vest?
The 11,448 restricted stock units granted to James Daniel Fay vest at the later of the next Annual Shareholders Meeting or one year after the March 3, 2026 grant date. This vesting schedule effectively conditions full share delivery on continued board service over that timeframe.
Why did Mitek Systems (MITK) grant 11,448 restricted stock units to James Daniel Fay?
The 11,448 restricted stock units were granted as the annual equity award Mitek Systems provides to its non-employee directors. According to the filing footnote, this grant is part of the director compensation program associated with the company’s annual meeting of stockholders.
Was there any purchase price for James Daniel Fay’s Mitek Systems (MITK) equity grant?
The reported transaction price per share is 0.0000, indicating James Daniel Fay did not pay cash consideration for the 11,448 restricted stock units. The grant represents compensation under Mitek Systems’ non-employee director equity program rather than an open-market stock purchase.