Nuvectis director granted 35,000 restricted shares
Kaplan Matthew L. reported acquisition or exercise transactions in this Form 4 filing.
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Rhea-AI Filing Summary
Kaplan Matthew L. reported acquisition or exercise transactions in this Form 4 filing.
Nuvectis Pharma director Matthew L. Kaplan received a grant of 35,000 shares of restricted common stock. The award was made at no cash cost per share and is classified as a compensation-related grant rather than an open-market purchase.
The 35,000 restricted shares will vest in equal annual installments over three years, beginning on the first anniversary of the grant date, as long as Kaplan continues to serve on the Board of Directors on those dates. After this grant, he directly holds 159,760 shares of Nuvectis Pharma common stock, including restricted shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 35,000 | $0.00 | $0.00 |
Footnotes (2)
- F1. The 35,000 shares of restricted common stock will vest in equal annual installments over three years beginning on the first anniversary of the grant date subject to Mr. Kaplan's continued service on the Company's Board of Directors on such dates.
- F2. Includes shares of restricted common stock.
Key Figures
Key Terms
restricted common stock financial
vest financial
Board of Directors financial
grant date financial
FAQ
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What insider transaction did Nuvectis Pharma (NVCT) report for Matthew L. Kaplan?
Did Matthew L. Kaplan buy or sell Nuvectis Pharma (NVCT) stock on the market?
Is the Nuvectis Pharma (NVCT) Form 4 transaction for Matthew L. Kaplan routine compensation?
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