Petros Pharmaceuticals (NASDAQ: PTPI) grants 375,000 restricted shares to officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Boctor Fady reported acquisition or exercise transactions in this Form 4 filing.
Petros Pharmaceuticals, Inc. reported that officer Fady Boctor received a grant of 375,000 shares of common stock as equity compensation. The filing states that 50% of these restricted shares vested on the grant date, while the remaining 50% will vest after six months if he continues providing services, bringing his direct holdings to 894,986 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Boctor Fady
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 375,000 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 894,986 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 375,000 shares
Grant price per share: $0.00 per share
Post-transaction holdings: 894,986 shares
+2 more
5 metrics
Restricted stock grant
375,000 shares
Common Stock grant to Fady Boctor
Grant price per share
$0.00 per share
Equity compensation, not open-market purchase
Post-transaction holdings
894,986 shares
Direct ownership after grant
Immediate vesting portion
50%
Vests on grant date
Delayed vesting portion
50%
Vests six months after grant if services continue
Key Terms
restricted shares, vesting, par value, grant, award, or other acquisition
4 terms
vesting financial
"50% of the Shares vested on the date of grant and the remaining 50% will vest on the six-month anniversary of the date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
par value financial
"restricted shares ("Shares") of common stock, par value $0.0001 per share, of the Issuer."
Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What did Petros Pharmaceuticals (PTPI) report in this Form 4 for Fady Boctor?
Petros Pharmaceuticals reported that officer Fady Boctor received 375,000 restricted common shares as a grant. The transaction is recorded at a price of $0.00 per share and increases his direct holdings to 894,986 common shares of the company.
What are Fady Boctor’s total PTPI holdings after this Form 4 transaction?
After the grant of restricted stock, Fady Boctor directly holds 894,986 shares of Petros Pharmaceuticals common stock. This total reflects his position immediately following the acquisition transaction disclosed in the Form 4 filing.
Does Fady Boctor’s PTPI restricted stock grant have performance conditions?
The description in the Form 4 indicates a time-based condition only. It states that the remaining 50% of the restricted shares vest at six months if Fady Boctor continues providing services, with no additional performance targets mentioned in the excerpt.