Director Casanta adds 37,044 Newton Golf (NWTG) shares via grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Newton Golf Company, Inc. director Jane Casanta reported an equity grant that increases her direct stake in the company. She received 37,044 shares of common stock at no cost as a compensation award, bringing her direct holdings to 59,921 shares after the transaction.
The award represents restricted stock units that are scheduled to vest on June 24, 2027, provided she continues her service with the company through that date. This filing reflects a compensation-related acquisition rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Casanta Jane
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 37,044 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 59,921 shares (Direct)
Footnotes (1)
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Key Figures
Shares granted: 37,044 shares
Total holdings after grant: 59,921 shares
Grant price per share: $0.00 per share
+1 more
4 metrics
Shares granted
37,044 shares
Common Stock compensation award on June 24, 2026
Total holdings after grant
59,921 shares
Director Jane Casanta direct ownership post-transaction
Grant price per share
$0.00 per share
Equity award with no cash paid by recipient
Vesting date
June 24, 2027
Restricted stock units vesting subject to continued service
Key Terms
restricted stock units, Grant, award, or other acquisition, Common Stock
3 terms
restricted stock units financial
"The restricted stock units vest on June 24, 2027, subject to the Reporting Person's continued service"
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 did Newton Golf (NWTG) disclose in this Form 4 for Jane Casanta?
Newton Golf reported that director Jane Casanta received 37,044 shares of common stock as a compensation grant. The award is structured as restricted stock units that vest in the future, increasing her direct holdings to 59,921 shares after the transaction.
What is Jane Casanta’s total Newton Golf (NWTG) ownership after the grant?
Following the grant, Jane Casanta directly holds 59,921 shares of Newton Golf common stock. This total includes the newly awarded 37,044-share grant and reflects her position as reported in the Form 4 filing after the compensation-related acquisition.
When do Jane Casanta’s Newton Golf (NWTG) restricted stock units vest?
The restricted stock units underlying this award are scheduled to vest on June 24, 2027. Vesting is conditioned on Jane Casanta’s continued service with Newton Golf through that date, meaning she must remain in her role until then for full ownership.
Was Jane Casanta’s Newton Golf (NWTG) Form 4 transaction an open-market purchase?
No, the Form 4 shows a compensation-related grant rather than an open-market purchase. The transaction is coded as a grant or award, with shares received at a stated price of zero, reflecting equity compensation instead of a cash-funded stock acquisition.
What does the transaction code on Jane Casanta’s Newton Golf (NWTG) Form 4 mean?
The transaction code is classified as a grant, award, or other acquisition of shares. This indicates that the 37,044 Newton Golf shares were provided as part of an equity compensation plan, not bought or sold on the open market by Jane Casanta.