Star Equity Holdings (STRR) CEO takes salary partly in 6,504 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Eberwein Jeffrey E. reported acquisition or exercise transactions in this Form 4 filing.
Star Equity Holdings, Inc. reported that CEO and director Jeffrey E. Eberwein received a grant of 6,504 shares of restricted common stock as part of his compensation. He elected to receive fifty percent of his base salary in this form, and his direct holdings increased to 1,040,981 shares.
The restricted stock was credited under the company’s 2009 Incentive Stock and Awards Plan, as amended and restated. Each restricted share will vest on the first anniversary of the grant date and then settle into one share of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Eberwein Jeffrey E.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock. | 6,504 | $0.00 | -- |
Holdings After Transaction:
Common Stock. — 1,040,981 shares (Direct)
Footnotes (1)
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Key Figures
Restricted stock grant: 6,504 shares
Grant price per share: $0.00 per share
Post-transaction holdings: 1,040,981 shares
+1 more
4 metrics
Restricted stock grant
6,504 shares
Restricted common stock awarded to CEO as compensation
Grant price per share
$0.00 per share
Restricted stock credited with no cash purchase price
Post-transaction holdings
1,040,981 shares
CEO’s direct common stock ownership after the grant
Salary paid in stock
50% of base salary
Portion of CEO base salary elected as restricted stock
Key Terms
restricted stock, 2009 Incentive Stock and Awards Plan, vest, settlement
4 terms
restricted stock financial
"Includes 6,504 shares of restricted stock credited to the Reporting Person's account"
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.
2009 Incentive Stock and Awards Plan financial
"under the Issuer's 2009 Incentive Stock and Awards Plan, as amended and restated"
vest financial
"Each share of restricted stock shall vest upon the first anniversary of the grant date"
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.
settlement financial
"represents the right to receive, at settlement, one share of common stock"
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
FAQ
What insider transaction did Star Equity (STRR) report for Jeffrey E. Eberwein?
Star Equity reported that CEO Jeffrey E. Eberwein received 6,504 restricted shares of common stock. The shares were granted at no cash cost as part of his compensation, increasing his direct ownership to 1,040,981 shares after the transaction.
How is Jeffrey E. Eberwein’s salary structured at Star Equity (STRR)?
Jeffrey E. Eberwein elected to receive fifty percent of his base salary in restricted stock. This election resulted in a grant of 6,504 restricted shares under Star Equity’s 2009 Incentive Stock and Awards Plan, aligning part of his compensation with company equity performance.
What plan governs the restricted stock grant to Star Equity (STRR) CEO Jeffrey E. Eberwein?
The restricted stock grant was made under Star Equity’s 2009 Incentive Stock and Awards Plan, as amended and restated. This plan allows the company to issue equity awards, including restricted stock, as part of executive and employee compensation arrangements.