PetVivo (PETV) CFO awarded 66,421 restricted shares via owned corporation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PetVivo Holdings, Inc. reported that its Chief Financial Officer, Garry N. Lowenthal, indirectly acquired 66,421 shares of common stock as a grant of restricted stock. The award was made to a corporation owned by him as compensation for his past performance at an implied price of $0.72 per share.
Following this grant, the filing shows 878,881 shares of common stock held indirectly through the corporation. This is a compensation-related, non-market transaction rather than an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
LOWENTHAL GARRY N
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 66,421 | $0.72 | $48K |
Holdings After Transaction:
Common Stock — 878,881 shares (Indirect, By Corporation)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock granted: 66,421 shares
Implied grant price: $0.72 per share
Indirect holdings after grant: 878,881 shares
+2 more
5 metrics
Restricted stock granted
66,421 shares
Grant of restricted common stock as compensation
Implied grant price
$0.72 per share
Reported transaction price for the stock grant
Indirect holdings after grant
878,881 shares
Total common stock held indirectly after transaction
Transaction type
Grant, award, or other acquisition (Code A)
Non-derivative acquisition of common stock
Ownership type
Indirect, by corporation
Shares held through a corporation owned by the CFO
Key Terms
restricted common stock, Grant, award, or other acquisition, indirect, By Corporation
4 terms
restricted common stock financial
"Represents a grant of restricted common stock to a corporation owned by the Reporting Person"
Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
indirect financial
""direct_or_indirect": "I", "ownership_type": "indirect""
By Corporation financial
""nature_of_ownership": "By Corporation""
FAQ
What insider transaction did PetVivo (PETV) disclose for its CFO?
PetVivo disclosed that CFO Garry N. Lowenthal indirectly acquired 66,421 shares of common stock. The shares were granted as restricted stock to a corporation he owns, serving as compensation for his past performance rather than an open-market purchase.
Was the PetVivo (PETV) CFO’s Form 4 transaction a market buy or sell?
The transaction was not a market buy or sell. It was coded as a grant or award acquisition, reflecting restricted common stock granted as compensation to a corporation owned by the CFO, instead of an open-market trade on an exchange.