NTIP CFO granted 15,000 restricted stock units
NETWORK-1 TECHNOLOGIES, INC. reported that its Chief Financial Officer, Robert Michael Mahan, acquired 15,000 Restricted Stock Units as a compensation award.
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Rhea-AI Filing Summary
NETWORK-1 TECHNOLOGIES, INC. reported that its Chief Financial Officer, Robert Michael Mahan, acquired 15,000 Restricted Stock Units as a compensation award. Each unit represents a contingent right to receive one share of common stock.
According to the award terms, 7,500 restricted stock units vest on February 18, 2027, and 7,500 vest on February 18, 2028, provided Mr. Mahan continues to serve as the Company's Chief Financial Officer. Following this grant, he holds a total of 50,000 Restricted Stock Units directly.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 15,000 | $0.00 | $0.00 |
Footnotes (1)
- F1. Each restricted stock unit represents a contingent right to receive one share of common stock. 7,500 restricted stock units vest on the one year anniversary of the date of grant (February 18, 2027) and 7,500 restricted stock units vest on the two year anniversary of the date of grant (February 18, 2028), all subject to Mr. Mahan continuing to serve as the Company's Chief Financial Officer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did NTIP report for its Chief Financial Officer?
How many Restricted Stock Units does the NTIP CFO hold after this grant?
What are the vesting terms for the 15,000 NTIP Restricted Stock Units?
What condition must the NTIP CFO meet for the RSUs to vest?
What does each NTIP Restricted Stock Unit represent in this Form 4 filing?
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