WiSA Technologies Board Member Builds Stake to 120K+ Shares Through Compensation Plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WiSA Technologies director Sriram Krishnamurthy Peruvemba received 26,372 shares of common stock on June 25, 2025, as compensation for board service under the company's 2018 Long-Term Stock Incentive Plan. Following this transaction, Peruvemba now owns a total of 120,362 shares directly.
Key details of the stock grant:
- Acquisition price: $0 per share
- Vesting schedule: Equal installments from September 20, 2025 to June 20, 2028
- Vesting dates: Quarterly on September 20, December 20, March 20, and June 20
- Vesting condition: Continued service as director
This Form 4 filing indicates ongoing compensation alignment between the director and shareholders through equity-based awards. The quarterly vesting schedule over approximately three years promotes long-term retention and alignment with company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Peruvemba Sriram Krishnamurthy
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,372 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 120,362 shares (Direct)
Footnotes (1)
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FAQ
What is the vesting schedule for WISA's director stock compensation granted to Peruvemba in June 2025?
The LTIP Shares will vest in equal installments from September 20, 2025 to June 20, 2028, occurring quarterly on each September 20th, December 20th, March 20th, and June 20th, contingent on the director remaining in service with the company.