WiSA Director Receives 26,372 Shares in Board Compensation Grant
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.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 26,372 | $0.00 | $0.00 |
Footnotes (1)
- F1. 26,372 shares (the "LTIP Shares") of common stock, par value $0.0001 per share, of the issuer were received as compensation for the reporting person's service as a member of the issuer's board of directors pursuant to the issuer's 2018 Long-Term Stock Incentive Plan (the "Grant"). The LTIP Shares associated with the Grant are scheduled to vest in equal installments, from the period from September 20, 2025 to June 20, 2028, on each September 20th, December 20th, March 20th, and June 20th, so long as the reporting person remains in the service of the issuer on each such date.
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