Precision Optics CFO receives 1,568 share grant
COLL WAYNE M reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
COLL WAYNE M reported acquisition or exercise transactions in this Form 4 filing.
PRECISION OPTICS CORPORATION, INC. Chief Financial Officer Wayne M. Coll received a grant of 1,568 shares of common stock on March 31, 2026 as compensation. The shares were issued under an Employment Agreement that allows up to $25,000 per year of salary to be paid in stock.
The stock was priced at a quarterly volume weighted average price of $3.985 for the quarter ended March 31, 2026, based on payroll withholdings. After this grant, Coll directly owns 36,807 shares of Precision Optics common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,568 | $3.985 | $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 $3.985 for the quarter ended March 31, 2026. Share purchases are based on payroll withholdings for the relevant quarters. Shares dated March 31, 2026 were issued on April 2, 2026.
Key Figures
Key Terms
Employment Agreement financial
volume weighted average price financial
payroll withholdings financial
grant, award, or other acquisition financial
FAQ
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What did Precision Optics (POCI) disclose about CFO Wayne Coll’s recent stock grant?
What does Wayne Coll’s Employment Agreement with Precision Optics (POCI) allow regarding stock compensation?
How are Wayne Coll’s stock grants at Precision Optics (POCI) linked to payroll withholdings?
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