Sanara MedTech director granted 4,846 shares
Major Eric D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Major Eric D reported acquisition or exercise transactions in this Form 4 filing.
Sanara MedTech Inc. reported that director Eric D. Major received a grant of 4,846 shares of common stock as restricted stock under the company’s 2024 Omnibus Long-Term Incentive Plan. The grant was made at no cash cost to him and increases his direct holdings to 14,232 shares.
The restricted stock will vest on the earlier of the company’s 2027 annual shareholder meeting or June 4, 2027, as long as Major continues providing certain services to Sanara MedTech through that date. Until vesting, the award functions as equity-based compensation tied to his ongoing service to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,846 | $0.00 | $0.00 |
Footnotes (1)
- F1. Represents shares of restricted stock granted by Sanara MedTech Inc. (the "Issuer") to the reporting person pursuant to the Sanara MedTech Inc. 2024 Omnibus Long-Term Incentive Plan. The restricted stock will vest on the earlier of (i) the date of the 2027 annual shareholder meeting or (ii) June 4, 2027, provided that the reporting person is providing certain services to the Issuer through such date.
Key Figures
Key Terms
restricted stock financial
2024 Omnibus Long-Term Incentive Plan financial
vest financial
FAQ
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What did Sanara MedTech (SMTI) disclose in this Form 4 filing?
What are the vesting terms for Eric D. Major’s restricted stock in SMTI?
Is this Sanara MedTech Form 4 a stock sale or a routine equity award?
AI-generated analysis. How Rhea-AI works. Not financial advice.