Rockwell Medical (RMTI) director awarded 9,633 RSUs, holdings reset after 1-for-10 split
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dawson Joseph H reported acquisition or exercise transactions in this Form 4 filing.
Rockwell Medical director Joseph H. Dawson received an equity grant and his holdings were adjusted for a reverse split. On July 1, 2026, he was granted 9,633 shares in the form of restricted stock units at no cash cost. These units vest on July 1, 2027, if he continues serving through the 2027 annual meeting. Effective at 12:01 a.m. on July 1, 2026, Rockwell Medical completed a 1-for-10 reverse split of its common stock, and his existing shareholdings and equity awards were proportionately reduced. After giving effect to both the grant and the reverse split adjustments, Dawson beneficially owns 12,133 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dawson Joseph H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 9,633 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 12,133 shares (Direct)
Footnotes (1)
- Restricted stock units vest on July 1, 2027, subject to the Reporting Person's continued service to the Issuer through the 2027 Annual Meeting. Effective at 12:01 AM on July 1, 2026, the Issuer effected a 1-for-10 reverse split of the Issuer's common stock resulting in a reduction in the number of shares held by the Reporting Person. In addition, proportionate adjustments were made to the Issuer's outstanding equity awards. Accordingly, the shares listed under Amount of Securities Beneficially Owned Following Reported Transaction(s) reported in this Form 4 have been adjusted to reflect the 1-for-10 reverse split.
Key Figures
RSU grant: 9,633 shares
Grant price: $0.00 per share
Post-transaction holdings: 12,133 shares
+2 more
5 metrics
RSU grant
9,633 shares
Restricted stock units granted on July 1, 2026
Grant price
$0.00 per share
Stated transaction price for RSU grant
Post-transaction holdings
12,133 shares
Shares beneficially owned following reported transaction(s)
Reverse split ratio
1-for-10
Common stock reverse split effective July 1, 2026
Vesting date
July 1, 2027
RSUs vest subject to continued service through 2027 annual meeting
Key Terms
Restricted stock units, 1-for-10 reverse split, equity awards, Amount of Securities Beneficially Owned Following Reported Transaction(s)
4 terms
Restricted stock units financial
"Restricted stock units vest on July 1, 2027, subject to the Reporting Person's continued service"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
1-for-10 reverse split financial
"the Issuer effected a 1-for-10 reverse split of the Issuer's common stock"
equity awards financial
"In addition, proportionate adjustments were made to the Issuer's outstanding equity awards."
Equity awards are payments to employees or directors made in the form of company stock or rights to buy stock later, serving as a way to share ownership rather than cash. For investors, they matter because they align staff incentives with company performance, can increase the number of shares outstanding over time (which can reduce each share’s claim on profits), and create compensation costs that affect reported earnings.
Amount of Securities Beneficially Owned Following Reported Transaction(s) financial
"Accordingly, the shares listed under Amount of Securities Beneficially Owned Following Reported Transaction(s)"
FAQ
What did Rockwell Medical (RMTI) director Joseph H. Dawson report in this Form 4?
He reported receiving 9,633 shares as a restricted stock unit grant and updated his holdings to 12,133 shares after a 1-for-10 reverse stock split and related equity award adjustments.
When do Joseph H. Dawson’s Rockwell Medical (RMTI) restricted stock units vest?
The restricted stock units vest on July 1, 2027, provided Dawson continues to serve Rockwell Medical through the company’s 2027 annual meeting, making this a time-based, service-contingent equity award.
What reverse stock split did Rockwell Medical (RMTI) implement on July 1, 2026?
Effective at 12:01 a.m. on July 1, 2026, Rockwell Medical implemented a 1-for-10 reverse split of its common stock, reducing outstanding shares and proportionately adjusting outstanding equity awards.
Was Joseph H. Dawson’s Rockwell Medical (RMTI) grant a market purchase?
No, the 9,633 shares were acquired at a price of $0.00 per share as a restricted stock unit compensation award, not through an open-market purchase on an exchange.