Energous (NASDAQ: WATT) GC now holds 27,500 shares after RSUs
Rhea-AI Filing Summary
Energous Corp (WATT) reported that its General Counsel, Peter M. Weinberg, acquired 22,667 shares of common stock through a one-time refresher grant of restricted stock units (RSUs). The RSUs vest 33% on the first anniversary of the grant, then in equal quarterly installments over the following two years, subject to continued service. Following this award, Weinberg directly holds 27,500 shares of Energous common stock.
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Insider Trade Summary
Net Buyer: 22,667 shares
Net Buy
1 txn
Insider
Weinberg Peter M
Role
General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 22,667 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 27,500 shares (Direct)
Footnotes (1)
- F1. Upon recommendation of the issuer's independent compensation consultant, represents a one-time refresher grant of restricted stock units ("RSUs") that vests as to 33% of the RSUs on the first anniversary of the grant, with the remaining RSUs vesting in equal quarterly installments over the subsequent two years, subject to the reporting person's continued service to the issuer on each vesting date. Each RSU represents the contingent right to receive one share of the issuer's common stock.
Key Figures
RSUs granted: 22,667 shares
Price per share: $0.00
Shares owned after transaction: 27,500 shares
+2 more
5 metrics
RSUs granted
22,667 shares
One-time refresher grant of restricted stock units to General Counsel
Price per share
$0.00
Grant, award, or other acquisition of common stock via RSUs
Shares owned after transaction
27,500 shares
Direct ownership of Energous common stock following RSU award
Initial vesting portion
33%
RSUs vest 33% on the first anniversary of the grant date
Remaining vesting period
2 years
Remaining RSUs vest in equal quarterly installments over two subsequent years
Key Terms
restricted stock units, independent compensation consultant, contingent right, vesting
4 terms
restricted stock units financial
"represents a one-time refresher grant of restricted stock units ("RSUs")"
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.
independent compensation consultant financial
"Upon recommendation of the issuer's independent compensation consultant"
contingent right financial
"Each RSU represents the contingent right to receive one share"
vesting financial
"vests as to 33% of the RSUs on the first anniversary of the grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did Energous Corp (WATT) report for Peter M. Weinberg?
Energous Corp reported that General Counsel Peter M. Weinberg acquired 22,667 shares of common stock via a one-time refresher grant of restricted stock units. These RSUs were granted at $0.00 per share as a compensation award, not an open-market purchase.
What are the vesting terms of the RSUs granted to the Energous (WATT) General Counsel?
The RSUs granted to the General Counsel vest 33% on the first anniversary of the grant. The remaining RSUs vest in equal quarterly installments over the subsequent two years, contingent on his continued service with Energous at each vesting date.
Was the Energous (WATT) RSU grant to the General Counsel recommended by an independent advisor?
Yes. The RSU award to the General Counsel was made upon recommendation of Energous’s independent compensation consultant. The filing describes it as a one-time refresher grant of restricted stock units rather than a recurring or routine equity award.
What does each RSU granted by Energous (WATT) to the General Counsel represent?
Each restricted stock unit granted to the General Counsel represents the contingent right to receive one share of Energous common stock. Shares are actually delivered only as the RSUs vest over time, subject to continued service with the company.
AI-generated analysis. How Rhea-AI works. Not financial advice.