Director Hemphill Gregg receives 25,035-share grant at Newton Golf (NWTG)
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newton Golf Company, Inc. director Hemphill Gregg reported an equity compensation grant. On the reported date, he acquired 25,035 shares of Common Stock, recorded at $0.00 per share, as a grant or award rather than an open‑market purchase. Following this transaction, his reported direct holdings total 25,035 shares. A footnote explains that these shares are in the form of restricted stock units that will vest in full on the one‑year anniversary of the grant date, so they are subject to a time‑based vesting condition rather than being fully unrestricted today.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hemphill Gregg
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,035 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 25,035 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 25,035 shares
Grant price per share: $0.00 per share
Holdings after grant: 25,035 shares
+1 more
4 metrics
Equity grant size
25,035 shares
Common Stock granted to director on reported Form 4 date
Grant price per share
$0.00 per share
Reported transaction price for awarded Common Stock
Holdings after grant
25,035 shares
Total direct Common Stock holdings after transaction
Vesting schedule
One-year cliff vesting
Restricted stock units vest in full one year after grant date
Key Terms
restricted stock units, Grant, award, or other acquisition, Common Stock
3 terms
restricted stock units financial
"The restricted stock units will vest in full on the one year anniversary"
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.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Hemphill Gregg report for Newton Golf Company (NWTG)?
Hemphill Gregg reported receiving a grant of 25,035 shares of Newton Golf Company Common Stock. The shares were awarded at $0.00 per share as an equity grant, rather than bought in the open market, and reflect compensation rather than a discretionary purchase.
Was Hemphill Gregg’s NWTG transaction a stock purchase or a grant?
The transaction was a grant or award, not a market purchase. The Form 4 uses code “A” for a grant, and the price per share is reported as $0.00, indicating the shares were issued as equity compensation to the director rather than bought for cash.
What vesting terms apply to Hemphill Gregg’s Newton Golf Company restricted stock units?
A footnote states the restricted stock units will vest in full on the one year anniversary of the grant date. This means Gregg must satisfy a one‑year service or time condition before the 25,035 units fully convert into unrestricted Common Stock.
Does this Newton Golf Company Form 4 show any stock sales by Hemphill Gregg?
The Form 4 does not report any stock sales by Hemphill Gregg. It shows a single acquisition coded as a grant or award of 25,035 shares, with no corresponding sale transactions or dispositions included in the summarized transaction data.