Orion Energy Systems (OESX) director awarded 2,532 restricted shares in equity grant
Rhea-AI Filing Summary
Wishart-Smith Heather L reported acquisition or exercise transactions in this Form 4 filing.
Orion Energy Systems director Heather L. Wishart-Smith 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, at a stated price of $0.0000 per share as an award. The restricted stock vests and becomes exercisable in three equal installments, with one-third vesting on each of August 11, 2027, 2028, and 2029.
After this grant, direct beneficial ownership stands at 10,351 shares of common stock. In addition, 1,602 shares are held indirectly by the Heather Lyn Wishart-Smith Trust. The company previously effected a 1-for-10 reverse stock split on August 22, 2025, which reduced the reporting person’s beneficial ownership by 70,379 shares held directly and 14,423 shares held indirectly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,532 shares
Net Buy
2 txns
Insider
Wishart-Smith Heather L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 2,532 | $0.00 | $0.00 |
| holding | Common Stock F3, F4 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,351 shares (Direct);
Common Stock — 1,602 shares (Indirect, By Trust)
Footnotes (4)
- 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 70,379 less shares of common stock held directly.
- F3. 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 14,423 less shares of common stock held indirectly by the Heather Lyn Trust Wishart-Smith Trust.
- F4. By the Heather Lyn Wishart-Smith Trust
Key Figures
Restricted stock granted: 2,532 shares
Direct holdings after grant: 10,351 shares
Indirect holdings after update: 1,602 shares
+3 more
6 metrics
Restricted stock granted
2,532 shares
Restricted common stock awarded on August 11, 2026 under the 2016 Omnibus Incentive Plan
Direct holdings after grant
10,351 shares
Common stock directly beneficially owned after the August 11, 2026 award
Indirect holdings after update
1,602 shares
Common stock indirectly owned by the Heather Lyn Wishart-Smith Trust
Reverse split ratio
1-for-10
Reverse stock split of issued and outstanding common shares effective August 22, 2025
Direct shares reduced by split
70,379 shares
Reduction in directly held shares from the August 22, 2025 reverse stock split
Indirect shares reduced by split
14,423 shares
Reduction in indirectly held trust shares from the August 22, 2025 reverse stock split
Key Terms
Restricted stock, 1-for-10 reverse stock split, beneficial ownership, Omnibus Incentive Plan, +1 more
5 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
"On August 22, 2025, 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 70,379 less shares of common stock held directly."
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.
indirect ownership financial
"common stock held indirectly by the Heather Lyn Trust Wishart-Smith Trust."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Orion Energy Systems (OESX) report in this Form 4 for Heather L. Wishart-Smith?
Orion Energy Systems reported that director Heather L. Wishart-Smith received 2,532 shares of restricted common stock on August 11, 2026, as an equity award under the company’s 2016 Omnibus Incentive Plan.
Was the restricted stock grant to the Orion Energy Systems (OESX) director a market purchase?
No. The filing describes the transaction as a grant or award of restricted stock with a reported price of $0.0000 per share, indicating compensation rather than an open-market purchase or sale.
How did Orion Energy Systems’ 1-for-10 reverse stock split affect the director’s OESX holdings?
The 1-for-10 reverse stock split on August 22, 2025 reduced the director’s beneficial ownership by 70,379 direct shares and 14,423 indirect shares held by the Heather Lyn Wishart-Smith Trust, as disclosed in the footnotes.