Sanara MedTech CEO granted 25,430 restricted shares
Yon Seth D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Yon Seth D reported acquisition or exercise transactions in this Form 4 filing.
Sanara MedTech Inc. reported that Chief Executive Officer Yon Seth D received a grant of 25,430 shares of common stock as restricted stock under the company’s 2024 Omnibus Long-Term Incentive Plan. Following this award, he directly holds 113,398 common shares.
The restricted stock will vest in three equal installments, with one-third of the shares vesting on March 22, 2027, 2028 and 2029, provided he remains employed by the company through each vesting date. This represents compensation rather than an open-market share purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 25,430 | $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 in three equal installments, with one-third of the shares vesting on March 22, 2027, 2028 and 2029, respectively, provided that the reporting person is employed by the Issuer through each such date.
FAQ
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What insider transaction did Sanara MedTech (SMTI) report for CEO Yon Seth D?
Was the Sanara MedTech (SMTI) CEO’s Form 4 transaction an open-market stock purchase or sale?
Under which plan did Sanara MedTech (SMTI) grant restricted stock to its CEO?
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