Energous (WATT) officer holds 10,533 shares, RSUs vesting from 2027
Rhea-AI Filing Summary
Energous Corp (WATT) reported the initial beneficial ownership of its Chief S&G Officer, Marino Giampaolo, on a Form 3. The filing lists 10,533 shares of common stock held directly, including restricted stock units. Of these, 533 RSUs vest in two equal annual installments beginning on June 27, 2027, and 10,000 RSUs vest in four equal annual installments beginning on January 12, 2027, subject to his continued service. Each RSU represents the contingent right to receive one share of Energous common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Marino Giampaolo
Role
Chief S&G Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 10,533 shares (Direct)
Footnotes (1)
- F1. Includes restricted stock units of which 533 shares vest in two equal annual installments beginning on June 27, 2027, and 10,000 shares vest in four equal annual installments beginning on January 12, 2027, subject to the reporting person's continued service to the issuer through each vesting date. Each restricted stock unit represents the contingent right to receive one share of the issuer's common stock.
Key Figures
Total common stock and RSUs held: 10,533 shares
RSUs vesting in two installments: 533 shares
RSUs vesting in four installments: 10,000 shares
+2 more
5 metrics
Total common stock and RSUs held
10,533 shares
Direct holdings following the reported position
RSUs vesting in two installments
533 shares
Vest in two equal annual installments beginning June 27, 2027
RSUs vesting in four installments
10,000 shares
Vest in four equal annual installments beginning January 12, 2027
First vesting start date (two-installment RSUs)
June 27, 2027
Start of vesting for 533 restricted stock units
First vesting start date (four-installment RSUs)
January 12, 2027
Start of vesting for 10,000 restricted stock units
Key Terms
restricted stock units, vest, contingent right
3 terms
restricted stock units financial
"Includes restricted stock units of which 533 shares vest in two equal annual installments"
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.
vest financial
"533 shares vest in two equal annual installments beginning on June 27, 2027"
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.
contingent right financial
"Each restricted stock unit represents the contingent right to receive one share"
FAQ
What does the Form 3 filed for WATT disclose about Marino Giampaolo’s holdings?
The Form 3 shows that Chief S&G Officer Marino Giampaolo directly holds 10,533 shares of Energous common stock, including restricted stock units that vest over time subject to his continued service.
How many Energous (WATT) restricted stock units vest in 2027 and later for Marino Giampaolo?
Marino Giampaolo has 533 RSUs vesting in two equal annual installments from June 27, 2027 and 10,000 RSUs vesting in four equal annual installments from January 12, 2027, all contingent on continued service.
What does each restricted stock unit represent for Energous (WATT) in this Form 3?
Each restricted stock unit represents a contingent right to receive one share of Energous common stock, deliverable upon vesting as long as the service condition is met by the reporting person.
Is there any buy or sell transaction reported in this Energous (WATT) Form 3?
No transactions are reported; the Form 3 functions as an initial statement of beneficial ownership, listing Marino Giampaolo’s direct holdings and related restricted stock units in Energous common stock.
Who is the reporting person in the Energous (WATT) Form 3 and what is his role?
The reporting person is Marino Giampaolo, who serves as Chief S&G Officer of Energous Corp, and the Form 3 discloses his initial equity holdings in the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.