Orion Energy Systems director granted 2,532 restricted shares
Otten Anthony L. reported acquisition or exercise transactions in this Form 4 filing.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Otten Anthony L. reported acquisition or exercise transactions in this Form 4 filing.
ORION ENERGY SYSTEMS, INC. director Anthony L. Otten 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. Following this equity award, he directly holds 25,973 shares of common stock.
The restricted stock vests in three equal installments, with 1/3 of the shares vesting on each of August 11, 2027, 2028, and 2029. A prior 1-for-10 reverse stock split on August 22, 2025 reduced his directly held shares by 210,971.
Insider Trade Summary
Grant/Award: 2,532 shares
Grant/Award
1 txn
Insider
Otten Anthony L.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 2,532 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 25,973 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 210,971 less shares of common stock held directly.
Key Figures
Restricted stock granted: 2,532 shares
Holdings after grant: 25,973 shares
Reverse stock split ratio: 1-for-10
+1 more
4 metrics
Restricted stock granted
2,532 shares
Restricted common stock granted on August 11, 2026 under 2016 Omnibus Incentive Plan
Holdings after grant
25,973 shares
Direct common stock beneficial ownership following the reported transaction
Reverse stock split ratio
1-for-10
Common stock reverse split effected on August 22, 2025
Shares reduced by reverse split
210,971 shares
Decrease in directly held beneficial ownership due to 2025 reverse split
Key Terms
Restricted stock, 1-for-10 reverse stock split, beneficial ownership, Omnibus Incentive Plan
4 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.
1-for-10 reverse stock split financial
"the issuer effected a 1-for-10 reverse stock split of the issued and outstanding shares"
beneficial ownership financial
"resulting in the reporting person's beneficial ownership of 210,971 less shares of common stock"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Omnibus Incentive Plan financial
"Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan."
An omnibus incentive plan is a single, flexible program a company uses to give employees and executives different types of pay tied to performance — for example stock options, restricted shares, cash bonuses and other awards — all governed by one set of rules. It matters to investors because it determines how many new shares may be created, how leaders are motivated and how much the company will spend on compensation over time; think of it as a master toolbox that affects both costs and the total share supply.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Orion Energy Systems (OESX) director Anthony L. Otten report in this Form 4?
Anthony L. Otten reported a grant of 2,532 shares of restricted common stock. The award was made under the company’s 2016 Omnibus Incentive Plan and represents a compensation-related equity grant rather than an open-market stock purchase or sale.
Was the Orion Energy Systems (OESX) restricted stock grant to Anthony L. Otten made at a purchase price?
The reported per-share price is $0.00, indicating a compensatory grant or award rather than a purchase. The award was characterized as restricted stock granted under the company’s 2016 Omnibus Incentive Plan.
How did Orion Energy Systems’ prior reverse stock split affect Anthony L. Otten’s holdings?
A 1-for-10 reverse stock split on August 22, 2025 automatically converted every 10 shares into 1 share. Footnote disclosure states this reduced Anthony L. Otten’s directly held beneficial ownership by 210,971 shares at the time of the split.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates