Nuvectis Pharma (NVCT) director awarded 35,000 restricted shares, now holds 122,828
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Oliviero James F III reported acquisition or exercise transactions in this Form 4 filing.
Nuvectis Pharma director James F. Oliviero III received a grant of 35,000 shares of restricted common stock. These shares were awarded at no cash cost to him and are part of his equity compensation.
The restricted stock will vest in equal annual installments over three years, starting on the first anniversary of the grant date, as long as he continues serving on the company’s Board of Directors. Following this grant, he holds a total of 122,828 shares of Nuvectis Pharma common stock, including restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Oliviero James F III
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 35,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 122,828 shares (Direct, null)
Footnotes (1)
- 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. Oliviero's continued service on the Company's Board of Directors on such dates. Includes shares of restricted common stock.
Key Figures
Restricted stock grant: 35,000 shares
Total holdings after grant: 122,828 shares
Vesting period: 3 years
+1 more
4 metrics
Restricted stock grant
35,000 shares
Grant of restricted common stock to director on June 11, 2026
Total holdings after grant
122,828 shares
Common stock beneficially owned following the award
Vesting period
3 years
Restricted shares vest in equal annual installments beginning one year after grant
Grant price
$0.0000 per share
Indicates award granted at no cash cost to the director
Key Terms
restricted common stock, vest, Board of Directors, grant, award, or other acquisition
4 terms
restricted common stock financial
"The 35,000 shares of restricted common stock will vest in equal annual installments"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
vest financial
"will vest in equal annual installments over three years beginning on the first anniversary"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Board of Directors financial
"subject to Mr. Oliviero's continued service on the Company's Board of Directors on such dates"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did Nuvectis Pharma (NVCT) director James F. Oliviero III receive in this Form 4?
He received a grant of 35,000 shares of restricted common stock. This equity award is part of his director compensation and was granted at no cash cost, increasing his total reported holdings in Nuvectis Pharma shares.
What are James F. Oliviero III’s total Nuvectis Pharma (NVCT) holdings after this grant?
After the grant, he beneficially owns 122,828 shares of Nuvectis Pharma common stock. This total includes the newly granted restricted shares, as noted in the filing’s footnote describing that the position “includes shares of restricted common stock.”
Is the Nuvectis Pharma (NVCT) Form 4 transaction a market purchase or sale?
No, the transaction is a grant or award acquisition of shares. The Form 4 uses code “A” for a grant, award, or other acquisition, indicating this is compensation-related restricted stock, not an open-market buy or sell transaction.
What conditions apply to the restricted stock granted to the Nuvectis Pharma (NVCT) director?
The restricted stock will vest only if he remains on the company’s Board of Directors. Each of the three annual vesting installments requires his continued service on the Board on the relevant vesting date, according to the filing footnote.