Restricted stock grant to Sanara MedTech (SMTI) director Eric D. Major
Filing Impact
Filing Sentiment
Form Type
4
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
1 transaction reported
Mixed
1 txn
Insider
Major Eric D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,846 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 14,232 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock granted: 4,846 shares
Transaction price per share: $0.0000 per share
Total shares after grant: 14,232 shares
+1 more
4 metrics
Restricted stock granted
4,846 shares
Common Stock award to director on June 4, 2026
Transaction price per share
$0.0000 per share
Equity grant, no cash consideration
Total shares after grant
14,232 shares
Director’s direct holdings following transaction
Latest vesting date
June 4, 2027
Vests earlier of 2027 annual meeting or this date
Key Terms
restricted stock, 2024 Omnibus Long-Term Incentive Plan, vest, annual shareholder meeting
4 terms
restricted stock financial
"Represents shares of restricted stock granted by Sanara MedTech Inc."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2024 Omnibus Long-Term Incentive Plan financial
"pursuant to the Sanara MedTech Inc. 2024 Omnibus Long-Term Incentive Plan."
vest financial
"The restricted stock will vest on the earlier of (i) the date of the 2027 annual shareholder meeting or (ii) June 4, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What did Sanara MedTech (SMTI) disclose in this Form 4 filing?
Sanara MedTech disclosed that director Eric D. Major received 4,846 shares of restricted common stock as an equity award. The grant was made under the 2024 Omnibus Long-Term Incentive Plan and increased his direct holdings to a total of 14,232 shares.
What are the vesting terms for Eric D. Major’s restricted stock in SMTI?
The 4,846 restricted shares will vest on the earlier of Sanara MedTech’s 2027 annual shareholder meeting or June 4, 2027. Vesting requires that Major continues providing certain services to the company through that date, aligning the award with ongoing board or related service.
Is this Sanara MedTech Form 4 a stock sale or a routine equity award?
This Form 4 reflects a routine equity award, not a stock sale. Director Eric D. Major acquired 4,846 restricted shares at no cash cost under the 2024 Omnibus Long-Term Incentive Plan, with vesting based on continued service through the company’s 2027 shareholder meeting or June 4, 2027.