Tecogen (TGEN) CEO receives new restricted stock and option grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tecogen Inc. director and CEO Rangesh Abinand received new equity awards in the form of common stock and stock options. He was granted 174,081 shares of common stock as a restricted stock award at no cash cost, vesting 25% per year under the 2022 Stock Incentive Plan. He also received an incentive stock option covering 26,041 shares of common stock at an exercise price of $5.17 per share, which also vests 25% per year and is exercisable until June 26, 2036. Following these grants, his reported direct holdings are 174,081 common shares and options on 26,041 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Rangesh Abinand
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Option (Right to Buy) | 26,041 | $5.17 | $135K |
| Grant/Award | Common Stock | 174,081 | $0.00 | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 26,041 shares (Direct, null);
Common Stock — 174,081 shares (Direct, null)
Footnotes (1)
- Restricted Stock Award pursuant to 2022 Stock Incentive Plan. Vests 25% per year. Vests 25% per year. Incentive Stock Option pursuant to 2022 Stock Incentive Plan.
Key Figures
Restricted stock award: 174,081 shares
Restricted stock vesting: 25% per year
Stock option grant size: 26,041 shares
+5 more
8 metrics
Restricted stock award
174,081 shares
Common stock grant on June 26, 2026
Restricted stock vesting
25% per year
Time-based vesting schedule for 174,081 shares
Stock option grant size
26,041 shares
Incentive stock option underlying common stock
Option exercise price
$5.17 per share
Incentive stock option strike price
Option vesting rate
25% per year
Vesting schedule for 26,041-share option
Option expiration date
June 26, 2036
Final exercise date for incentive stock option
Shares held after grant
174,081 shares
Total common stock directly held following transaction
Options held after grant
26,041 options
Total options directly held following transaction
Key Terms
Restricted Stock Award, 2022 Stock Incentive Plan, Incentive Stock Option, Vests 25% per year, +1 more
5 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."
Incentive Stock Option financial
"Incentive Stock Option pursuant to 2022 Stock Incentive Plan."
An incentive stock option is a type of employee benefit that gives a worker the right to buy company shares at a fixed price, with special tax advantages if the employee holds the shares for a required period. Think of it as a coupon to buy future shares at today’s price that can result in lower tax on the gain. Investors care because ISOs can dilute share count, align staff incentives with the stock price, and affect company compensation costs and the timing of potential share sales.
Vests 25% per year financial
"Restricted Stock Award pursuant to 2022 Stock Incentive Plan. Vests 25% per year."
Stock Option (Right to Buy) financial
"Stock Option (Right to Buy) listed as a derivative security."
FAQ
What equity awards did Tecogen (TGEN) CEO Rangesh Abinand receive?
Rangesh Abinand received 174,081 shares of Tecogen common stock as a restricted stock award and an incentive stock option on 26,041 shares at $5.17 per share, both vesting 25% per year under the 2022 Stock Incentive Plan.
What are the vesting terms of the Tecogen (TGEN) CEO’s restricted stock award?
The restricted stock award of 174,081 Tecogen shares vests 25% per year, as disclosed in the footnotes. This means the CEO earns one quarter of the shares each year, subject to plan terms, rather than all shares becoming available immediately.
What are the key terms of the Tecogen (TGEN) CEO’s stock option grant?
The incentive stock option covers 26,041 Tecogen common shares at a $5.17 exercise price. It vests 25% per year and is exercisable until June 26, 2036, providing long-term equity exposure aligned with the company’s 2022 Stock Incentive Plan.
Is the Tecogen (TGEN) CEO’s Form 4 a market purchase or a compensation grant?
The Form 4 reflects compensation-related grants, not market purchases. Both the 174,081 restricted shares and the 26,041-share incentive stock option are coded as awards, with the common stock granted at no cash price and subject to time-based vesting conditions.