TECOGEN (TGEN) CAO receives 29,013-share restricted stock award vesting over four years
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TECOGEN INC. Chief Accounting Officer Roger P. Deschenes reported an acquisition of 29,013 shares of common stock through a restricted stock award. The award was granted at no cash cost per share and represents his entire directly held position after the transaction. The grant vests in equal 25% installments each year under the company’s 2022 Stock Incentive Plan, meaning the shares become fully owned over four years as service conditions are met.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Deschenes Roger P.
Role
CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 29,013 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 29,013 shares (Direct, null)
Footnotes (1)
- Restricted Stock Award pursuant to 2022 Stock Incentive Plan. Vests 25% per year. Vests 25% per year.
Key Figures
Restricted stock granted: 29,013 shares
Grant price: $0.0000 per share
Shares held after grant: 29,013 shares
+1 more
4 metrics
Restricted stock granted
29,013 shares
Common Stock award on June 26, 2026
Grant price
$0.0000 per share
Restricted stock award to CAO
Shares held after grant
29,013 shares
Direct ownership following transaction
Vesting rate
25% per year
Restricted stock award vesting schedule
Key Terms
Restricted Stock Award, 2022 Stock Incentive Plan, vests 25% per year, Form 4
4 terms
Restricted Stock Award financial
"Restricted Stock Award pursuant to 2022 Stock Incentive Plan."
A restricted stock award is company shares given to an employee or executive that cannot be sold or fully owned until certain conditions—like staying with the company for a set time or hitting performance targets—are met. Think of it as a gift that only becomes yours after you fulfill specific obligations; for investors, these awards matter because they can increase the total shares outstanding when they vest, reveal how management is being paid and motivated, and create potential selling pressure when restrictions lift.
2022 Stock Incentive Plan financial
"Restricted Stock Award pursuant to 2022 Stock Incentive Plan."
vests 25% per year financial
"Restricted Stock Award pursuant to 2022 Stock Incentive Plan. Vests 25% per year."
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did TECOGEN INC. (TGEN) report for Roger P. Deschenes?
TECOGEN INC. reported that CAO Roger P. Deschenes received 29,013 shares of common stock as a restricted stock award. This non-cash grant reflects equity compensation rather than an open-market purchase and establishes his reported direct holdings at 29,013 shares after the transaction.
Was the TECOGEN INC. (TGEN) insider transaction an open-market buy or a stock grant?
The TECOGEN INC. transaction was a stock grant, not an open-market buy. Roger P. Deschenes acquired 29,013 common shares at a stated price of $0.0000 per share as a restricted stock award under the 2022 Stock Incentive Plan, reflecting compensation rather than a market trade.
What are the vesting terms of the TECOGEN INC. (TGEN) restricted stock for Roger P. Deschenes?
The restricted stock award for Roger P. Deschenes vests 25% per year. This means the 29,013 granted shares become fully owned over four years, as each annual tranche vests under TECOGEN INC.’s 2022 Stock Incentive Plan, assuming continued service through each vesting date.
Which TECOGEN INC. (TGEN) equity plan governed Roger P. Deschenes’ restricted stock grant?
The restricted stock grant to Roger P. Deschenes was made under TECOGEN INC.’s 2022 Stock Incentive Plan. This plan authorizes equity-based compensation, including restricted stock awards that typically vest over time, aligning executive incentives with long-term company performance and shareholder interests.