Precision Optics corrects CFO acquisition to 1,412 shares
The share amount was based on payroll withholdings for the relevant quarters.
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Rhea-AI Filing Summary
Precision Optics Corporation, Inc. Chief Financial Officer Wayne M. Coll acquired 1,412 common shares on September 30, 2026, at $4.427 per share, the quarterly volume weighted average price for that quarter. His direct holdings after the acquisition were 46,218 shares. The acquisition reflects an employment-agreement provision allowing the issuer to substitute up to $25,000 per annum in common stock for cash, which the issuer elected effective January 1, 2024. The amendment corrects the previously reported share amount.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 1,412 | $4.427 | $6K |
Footnotes (1)
- F1. On June 12, 2023, the reporting person entered into an Employment Agreement with the Issuer that permits the Issuer to substitute up to $25,000 per annum in common stock in lieu of cash. The issuer elected this provision effective January 1, 2024. Under the terms of the agreement, the stock is priced at the quarterly volume weighted average price which was $4.427 for the quarter ended September 30, 2026. Share purchases are based on payroll withholdings for the relevant quarters.
Key Figures
Key Terms
quarterly volume weighted average price financial
payroll withholdings financial
Employment Agreement technical
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