Orion Energy Systems (OESX) grants director 2,532 restricted shares after reverse split
Rhea-AI Filing Summary
Shapiro Richard A reported acquisition or exercise transactions in this Form 4 filing.
Orion Energy Systems director Richard A. Shapiro received a grant of 2,532 shares of restricted common stock on August 11, 2026 under the 2016 Omnibus Incentive Plan. The restricted stock vests in three equal installments on August 11, 2027, 2028 and 2029. Following this grant, he directly holds 9,219 shares of common stock. A prior 1-for-10 reverse stock split effective August 22, 2025 reduced his direct beneficial ownership by 60,191 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,532 shares
Net Buy
1 txn
Insider
Shapiro Richard A
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1, F2 | 2,532 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 9,219 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 60,191 less shares of common stock held directly.
Key Figures
Restricted stock granted: 2,532 shares
Grant price per share: $0.00 per share
Shares held after grant: 9,219 shares
+3 more
6 metrics
Restricted stock granted
2,532 shares
Restricted common stock grant to Richard A. Shapiro on August 11, 2026
Grant price per share
$0.00 per share
Stated price for restricted stock grant
Shares held after grant
9,219 shares
Direct common stock ownership following the reported transaction
Reverse stock split ratio
1-for-10
Reverse split of issued and outstanding common shares effective August 22, 2025
Share reduction from reverse split
60,191 shares
Decrease in Richard A. Shapiro’s directly held common shares due to reverse split
Vesting schedule installments
1/3 per year
Restricted stock vests in equal thirds in 2027, 2028 and 2029
Key Terms
Restricted stock, 2016 Omnibus Incentive Plan, 1-for-10 reverse stock split, beneficial ownership
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.
2016 Omnibus Incentive Plan financial
"Restricted stock granted to the reporting person under the Orion Energy Systems, Inc. 2016 Omnibus Incentive Plan."
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 60,191 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Orion Energy Systems (OESX) disclose about Richard A. Shapiro in this Form 4?
Orion Energy Systems reported that director Richard A. Shapiro received a grant of 2,532 shares of restricted common stock on August 11, 2026, increasing his directly held shares to 9,219 after the award.
When do Richard A. Shapiro’s OESX restricted stock awards vest?
The 2,532 restricted shares vest in three equal installments: 1/3 on August 11, 2027, 1/3 on August 11, 2028, and 1/3 on August 11, 2029, assuming applicable vesting conditions are satisfied.
What reverse stock split did OESX implement and how did it affect Shapiro’s holdings?
On August 22, 2025, Orion Energy Systems implemented a 1-for-10 reverse stock split, converting every 10 shares into one and resulting in 60,191 fewer shares of common stock held directly by Richard A. Shapiro.