Soluna Holdings (SLNH) director awarded 726,401 restricted stock units in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Hirshfield Edward R reported acquisition or exercise transactions in this Form 4 filing.
Soluna Holdings director Edward R. Hirshfield received a large equity grant. He was awarded 726,401 restricted stock awards of Soluna Holdings common stock at a price of $0.0000 per share as compensation, not through an open-market purchase.
According to the disclosure, these shares will vest 100% when he separates from the company. After this grant, Hirshfield directly holds a total of 1,702,719 shares of Soluna Holdings common stock, increasing his personal equity stake and further aligning his interests with shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Hirshfield Edward R
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 726,401 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 1,702,719 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Restricted stock grant: 726,401 shares
Grant price per share: $0.0000 per share
Post-transaction holdings: 1,702,719 shares
+1 more
4 metrics
Restricted stock grant
726,401 shares
Restricted stock awards of common stock granted to director
Grant price per share
$0.0000 per share
Reported transaction price for the restricted stock awards
Post-transaction holdings
1,702,719 shares
Edward R. Hirshfield’s direct common stock ownership after grant
Vesting condition
100% upon separation
Restricted stock awards vest fully when the director separates from issuer
Key Terms
restricted stock awards, Compensation Committee, par value, Common Stock
4 terms
restricted stock awards financial
"Transaction reported is a grant of 726,401 restricted stock awards representing shares of Common Stock"
Restricted stock awards are company shares given to employees or executives that cannot be sold or transferred until certain conditions — like staying with the company for a set time or meeting performance targets — are met, like a gift that is locked in a safe until rules are satisfied. Investors care because these awards tie management’s pay to company performance, can increase the number of shares outstanding when they become tradable (dilution), and may signal expected future selling pressure or commitment to long-term growth.
Compensation Committee financial
"which were approved by the Compensation Committee"
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
par value financial
"shares of Common Stock, par value $0.001 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.
Common Stock financial
"representing shares of Common Stock, par value $0.001 per share, of the issuer"
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did Soluna Holdings (SLNH) director Edward R. Hirshfield report on this Form 4?
Edward R. Hirshfield reported receiving 726,401 restricted stock awards of Soluna Holdings common stock. These were granted as compensation at an effective price of $0.0000 per share, increasing his direct ownership stake to 1,702,719 shares after the transaction.
Is the Soluna Holdings (SLNH) Form 4 transaction an open-market stock purchase?
No, the Form 4 shows a grant of restricted stock awards, not an open-market purchase. The 726,401 shares were awarded at a reported price of $0.0000 per share as compensation approved by the Compensation Committee, rather than bought on the market.
What are the vesting conditions for Edward R. Hirshfield’s Soluna Holdings (SLNH) restricted stock awards?
The 726,401 restricted stock awards will vest 100% upon Edward R. Hirshfield’s separation from Soluna Holdings. This means none of the shares are currently vested; they become fully his only when he leaves the company, according to the filing footnote.
Who approved the restricted stock grant reported in the Soluna Holdings (SLNH) Form 4?
The restricted stock grant to Edward R. Hirshfield was approved by the Compensation Committee. The grant covers 726,401 restricted stock awards representing shares of Soluna Holdings common stock, as described in the footnote to the Form 4 filing.