Nuvectis director awarded 35,000 restricted shares
Hoberman Kenneth reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Hoberman Kenneth reported acquisition or exercise transactions in this Form 4 filing.
Nuvectis Pharma, Inc. director Kenneth Hoberman received a grant of 35,000 shares of restricted common stock. The award was granted at no cash cost per share and is a form of equity compensation 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 Hoberman continues serving on the company’s Board of Directors. After this grant, he directly holds 168,140 shares of common stock, which includes restricted shares.
Positive
- None.
Negative
- None.
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. Hoberman'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
grant date financial
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Nuvectis Pharma (NVCT) director Kenneth Hoberman report in this Form 4?
Is Kenneth Hoberman buying or selling Nuvectis Pharma (NVCT) stock in this filing?
What are Kenneth Hoberman’s total Nuvectis Pharma (NVCT) holdings after this grant?
Does this Nuvectis Pharma (NVCT) Form 4 indicate any derivative or option exercises?
AI-generated analysis. How Rhea-AI works. Not financial advice.