Stran & Company (SWAG) awards 6,032-share stock grant to director Chippindale
Rhea-AI Filing Summary
Chippindale Alan reported acquisition or exercise transactions in this Form 4 filing.
Stran & Company, Inc. reported that director Alan Chippindale received a grant of 6,032 shares of common stock on August 13, 2026. The grant was at a stated price of $0.00 per share, reflecting a compensation award rather than an open-market purchase. Following this award, Chippindale’s direct holdings increased to 46,373 common shares.
The award is subject to a time-based vesting schedule: it vests as to 1,508 shares on each of September 30, 2026, December 31, 2026, March 31, 2027, and June 30, 2027. The filing does not indicate use of a Rule 10b5-1 trading plan for this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,032 shares
Net Buy
1 txn
Insider
Chippindale Alan
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 6,032 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 46,373 shares (Direct)
Footnotes (1)
- F1. Vests as to 1,508 shares on each of September 30, 2026, December 31, 2026, March 31, 2027, and June 30, 2027.
Key Figures
Shares granted: 6,032 shares of common stock
Price per share: $0.00 per share
Holdings after transaction: 46,373 shares
+4 more
7 metrics
Shares granted
6,032 shares of common stock
Grant, award, or other acquisition on August 13, 2026
Price per share
$0.00 per share
Stated transaction price for the 6,032-share award
Holdings after transaction
46,373 shares
Total direct common stock holdings following the award
First vesting installment
1,508 shares
Vests on September 30, 2026
Second vesting installment
1,508 shares
Vests on December 31, 2026
Third vesting installment
1,508 shares
Vests on March 31, 2027
Fourth vesting installment
1,508 shares
Vests on June 30, 2027
Key Terms
Grant, award, or other acquisition, vesting schedule, non-derivative
3 terms
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
vesting schedule financial
"The award is subject to a time-based vesting schedule"
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
non-derivative financial
"The Form 4 shows only a non-derivative acquisition"
FAQ
What did Stran & Company (SWAG) disclose about Alan Chippindale’s new stock grant?
Stran & Company disclosed that director Alan Chippindale received a grant of 6,032 shares of common stock on August 13, 2026, as a compensation award, increasing his direct holdings to 46,373 shares after the transaction.
Was Alan Chippindale’s Stran & Company (SWAG) stock transaction a market purchase or a grant?
The Form 4 identifies the transaction as a grant, award, or other acquisition of 6,032 shares at a stated price of $0.00 per share, indicating it is a compensation award, not an open-market purchase or sale.
Does the Alan Chippindale Form 4 for Stran & Company (SWAG) involve any derivative securities?
No derivative securities are reported. The Form 4 shows only a non-derivative acquisition of 6,032 shares of common stock, with no options or other derivatives listed in the derivative summary section.
AI-generated analysis. How Rhea-AI works. Not financial advice.