Newton Golf (NWTG) CFO receives 251,902 time-vested share award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newton Golf Company, Inc. Chief Financial Officer Jeff Clayborne reported an equity compensation award and updated holdings. He received a grant of 251,902 shares of Common Stock at $0.00 per share as a grant, award, or other acquisition, increasing his direct ownership to 438,450 shares. A footnote explains these are restricted stock units that vest in three substantially equal installments on June 24, 2027, June 24, 2028, and June 24, 2029, subject to his continued service. The filing also reflects 6,850 shares of Common Stock held indirectly through his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
CLAYBORNE JEFF
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 251,902 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 438,450 shares (Direct);
Common Stock — 6,850 shares (Indirect, By Spouse)
Footnotes (1)
- [object Object]
Key Figures
Equity grant size: 251,902 shares
Grant price per share: $0.00 per share
Direct holdings after grant: 438,450 shares
+4 more
7 metrics
Equity grant size
251,902 shares
Common Stock grant/award acquisition to CFO on June 24, 2026
Grant price per share
$0.00 per share
Equity compensation, not open-market purchase
Direct holdings after grant
438,450 shares
CFO’s direct Common Stock ownership following the award
Indirect spouse holdings
6,850 shares
Common Stock held indirectly, coded "By Spouse"
First vesting date
June 24, 2027
First of three equal RSU vesting installments
Second vesting date
June 24, 2028
Second of three equal RSU vesting installments
Third vesting date
June 24, 2029
Final RSU vesting installment, subject to continued service
Key Terms
restricted stock units, vesting, grant, award, or other acquisition, indirect ownership, +1 more
5 terms
restricted stock units financial
"These restricted stock units vest in three substantially equal installments"
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.
vesting financial
"vest in three substantially equal installments on each of June 24, 2027, June 24, 2028 and June 24, 2029"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect ownership financial
"direct_or_indirect": "I", "nature_of_ownership": "By Spouse""
Chief Financial Officer financial
"officer_title": "Chief Financial Officer""
A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.
FAQ
What insider transaction did NWTG CFO Jeff Clayborne report?
Newton Golf CFO Jeff Clayborne reported an equity compensation award of 251,902 Common Stock shares at $0.00 per share. The filing classifies it as a grant, award, or other acquisition, not an open-market purchase or sale.
How do the NWTG CFO’s restricted stock units vest over time?
The restricted stock units underlying the 251,902-share award vest in three substantially equal installments. Vesting dates are June 24, 2027, June 24, 2028, and June 24, 2029, and each tranche requires the CFO’s continued service through its respective vesting date.
What portion of the NWTG CFO’s holdings are indirect through a spouse?
The Form 4 reports 6,850 Common Stock shares held indirectly by the CFO’s spouse. This is separate from his 438,450 directly owned shares and is identified with an indirect ownership code and the description “By Spouse” in the filing.