Nortech Systems grants director 8,000 stock options
NSYS director Ryan McManus received 8,000 stock options at a $12.19 strike, lifting his direct common stock holdings to 14,857 shares.
Rhea-AI Filing Summary
NORTECH SYSTEMS INC (NSYS) director Ryan McManus reported an award of 8,000 Stock Options on March 31, 2026. The options have an exercise price of $12.19 per share, become exercisable on May 1, 2027, and expire on March 31, 2036. After this grant, he holds 14,857 shares of Common Stock directly, including previously granted Restricted Stock Units. No transactions are reported under a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 8,000 shares
Grant/Award
2 txns
Insider
MCMANUS RYAN
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options F2 | 8,000 | $0.00 | $0.00 |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Stock Options — 8,000 contracts (Direct);
Common Stock — 14,857 shares (Direct)
Footnotes (2)
- F1. Includes 3,438 Restricted Stock Units granted on May 20, 2025, with 3,438 units vesting on May 1, 2027.
- F2. Represents 8,000 Stock Options granted on March 31, 2026, with 8,000 options exercisable on May 1, 2027.
Key Figures
Stock Options granted: 8,000 options
Option exercise price: $12.19 per share
Option exercisability date: May 1, 2027
+3 more
6 metrics
Stock Options granted
8,000 options
Grant to director Ryan McManus on March 31, 2026
Option exercise price
$12.19 per share
Exercise price for 8,000 Stock Options granted March 31, 2026
Option exercisability date
May 1, 2027
Date when 8,000 Stock Options become exercisable
Option expiration date
March 31, 2036
Expiration of 8,000 Stock Options granted to director
Common Stock holdings after transactions
14,857 shares
Direct Common Stock position of Ryan McManus after March 31, 2026
Restricted Stock Units
3,438 units
RSUs granted May 20, 2025, vesting May 1, 2027
Key Terms
Stock Options, Restricted Stock Units, Rule 10b5-1
3 terms
Stock Options financial
"Represents 8,000 Stock Options granted on March 31, 2026"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
Restricted Stock Units financial
"Includes 3,438 Restricted Stock Units granted on May 20, 2025"
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.
Rule 10b5-1 regulatory
"No transactions are reported under a Rule 10b5-1 trading plan"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NSYS director Ryan McManus report on this Form 4?
He reported a grant of 8,000 Stock Options on March 31, 2026, linked to NORTECH SYSTEMS INC (NSYS), plus his updated direct Common Stock holdings of 14,857 shares.
What are the key terms of the 8,000 stock options reported for NSYS?
The 8,000 Stock Options have an exercise price of $12.19 per share, become exercisable on May 1, 2027, and expire on March 31, 2036, with each option covering one share of Common Stock.
Are the NSYS transactions by Ryan McManus under a Rule 10b5-1 trading plan?
No. The filing indicates the Rule 10b5-1 checkbox is not affirmed, so the reported option grant and holdings update are not stated to be under a Rule 10b5-1 trading plan.
When do the newly granted NSYS options to Ryan McManus become exercisable?
The 8,000 Stock Options granted on March 31, 2026 become exercisable on May 1, 2027, according to the footnote describing the option grant terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.