Twin Vee PowerCats (VEEE) awards 3,970 RSUs to interim CFO Dickerson
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Dickerson Michael Patrick reported acquisition or exercise transactions in this Form 4 filing.
Twin Vee PowerCats, Co. reported that interim CFO Michael Patrick Dickerson received a grant of 3,970 restricted stock units on July 11, 2026. Each RSU represents a contingent right to one share of common stock and vested on the grant date. After the award, he holds 4,188 securities in total, including 218 shares of common stock, all held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Dickerson Michael Patrick
Role
Interim CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 3,970 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 4,188 shares (Direct)
Footnotes (1)
- Each restricted stock unit (RSU) represents a contingent right to receive one share of Issuer's common stock. All 3,970 RSUs vest on the grant date of July 11, 2026. Includes 218 shares of Twin Vee PowerCats Co.
Key Figures
RSUs Granted: 3970.0000 units
Grant Price: 0.0000 $/unit
Total Holdings After Grant: 4188.0000 units
+2 more
5 metrics
RSUs Granted
3970.0000 units
Restricted stock units granted to interim CFO on July 11, 2026
Grant Price
0.0000 $/unit
Stated transaction price per restricted stock unit
Total Holdings After Grant
4188.0000 units
Total securities directly held by interim CFO following the RSU award
Common Shares Included
218 shares
Portion of total holdings that are Twin Vee PowerCats common stock
Vesting Date
July 11, 2026
All 3,970 RSUs vest on the grant date
Key Terms
Restricted Stock Units, contingent right, grant date
3 terms
Restricted Stock Units financial
"security title "Restricted Stock Units" granted to the interim CFO"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
contingent right financial
"Each RSU represents a contingent right to receive one share"
grant date financial
"All 3,970 RSUs vest on the grant date of July 11, 2026"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
What insider transaction did Twin Vee PowerCats (VEEE) report for its interim CFO?
Twin Vee PowerCats reported that interim CFO Michael Patrick Dickerson received 3,970 restricted stock units on July 11, 2026. These RSUs vested on the grant date and increased his direct holdings to 4,188 securities, including 218 shares of common stock.
How many RSUs were granted to the Twin Vee PowerCats (VEEE) interim CFO and on what date?
The interim CFO of Twin Vee PowerCats received 3,970 RSUs on July 11, 2026. According to the disclosure, all 3,970 restricted stock units vested on that same grant date, making them fully earned as of July 11, 2026.
What does each RSU granted by Twin Vee PowerCats (VEEE) represent in this award?
Each RSU in this award represents a contingent right to receive one share of Twin Vee PowerCats common stock. This means 3,970 RSUs correspond to a potential 3,970 shares, subject to the vesting terms that were satisfied on the grant date.
What are Michael Patrick Dickerson’s total Twin Vee PowerCats (VEEE) holdings after the RSU grant?
After the RSU grant, Michael Patrick Dickerson holds a total of 4,188 Twin Vee PowerCats securities directly. This includes 3,970 restricted stock units and 218 shares of the company’s common stock, as specified in the disclosure footnotes.
Is the Twin Vee PowerCats (VEEE) RSU grant to the interim CFO an open-market purchase or compensation award?
The transaction is a compensation-related grant, not an open-market purchase. It is coded as a grant or award acquisition of 3,970 restricted stock units, issued at a stated price of $0.0000 per unit to the interim CFO.