Orion Energy Systems (OESX) grants director 2,532 restricted shares vesting through 2029
Rhea-AI Filing Summary
Orion Energy Systems director Ellen B. Richstone received a grant of 2,532 shares of restricted common stock on August 11, 2026 under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. The award vests in three equal installments on August 11 of 2027, 2028, and 2029. Following this grant, Richstone directly beneficially owns 35,897 shares of common stock.
A prior 1-for-10 reverse stock split on August 22, 2025 had reduced her directly held common shares by 300,293 shares through automatic conversion.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,532 shares
Net Buy
1 txn
Insider
RICHSTONE ELLEN B
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 2,532 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 35,897 shares (Direct)
Footnotes (2)
- F1. Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan. The restricted stock vests and becomes exercisable with respect to 1/3 of the restricted stock on each of August 11, 2027, 2028 and 2029, respectively.
- F2. On August 22, 2025, the issuer effected a 1-for-10 reverse stock split of the issued and outstanding shares of its common stock. Upon effectiveness of the reverse stock split, every 10 shares of common stock was automatically converted into one share of common stock, resulting in the reporting person's beneficial ownership of 300,293 less shares of common stock held directly.
Key Figures
Restricted stock granted: 2,532 shares of common stock
Total shares after transaction: 35,897 shares
Reverse stock split ratio: 1-for-10
+1 more
4 metrics
Restricted stock granted
2,532 shares of common stock
Grant to Ellen B. Richstone on August 11, 2026 under the 2016 Omnibus Incentive Plan
Total shares after transaction
35,897 shares
Direct beneficial ownership by Ellen B. Richstone following the August 11, 2026 grant
Reverse stock split ratio
1-for-10
Reverse stock split of common stock effective August 22, 2025
Share reduction from reverse split
300,293 shares
Decrease in directly held common shares for Ellen B. Richstone upon reverse split effectiveness
Key Terms
Restricted stock, 2016 Omnibus Incentive Plan, reverse stock split
3 terms
Restricted stock financial
"Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2016 Omnibus Incentive Plan financial
"Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan."
reverse stock split financial
"the issuer effected a 1-for-10 reverse stock split of the issued and outstanding shares"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Orion Energy Systems (OESX) report in Ellen B. Richstone’s latest Form 4?
Orion Energy Systems reported that director Ellen B. Richstone received a grant of 2,532 restricted shares of common stock on August 11, 2026, under the company’s 2016 Omnibus Incentive Plan.
Was Ellen B. Richstone’s Orion Energy Systems (OESX) Form 4 transaction under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox is not selected, so the August 11, 2026 restricted stock grant is not reported as being made under a Rule 10b5-1 trading plan.
How did the August 2025 reverse stock split affect Ellen B. Richstone’s Orion Energy Systems (OESX) holdings?
On August 22, 2025, Orion Energy Systems executed a 1-for-10 reverse stock split, which automatically converted shares and resulted in Richstone holding 300,293 fewer directly held shares of common stock.