WiSA Technologies CAO Receives 45,605 Shares in Long-Term Incentive Grant
WiSA Technologies insider Stanley Mbugua, Chief Accounting Officer and VP of Finance, received 45,605 shares of common stock on June 25, 2025, as compensation under the company's 2018 Long-Term Stock Incentive Plan.
Rhea-AI Filing Summary
WiSA Technologies insider Stanley Mbugua, Chief Accounting Officer and VP of Finance, received 45,605 shares of common stock on June 25, 2025, as compensation under the company's 2018 Long-Term Stock Incentive Plan.
Key details of the transaction:
- Transaction price: $0 (compensatory grant)
- Post-transaction holdings: 238,338 shares held directly
- 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
The vesting of LTIP shares is contingent upon the officer's continued service with the company on each vesting date. This grant represents a standard equity compensation arrangement for executive retention and alignment with shareholder interests.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,605 | $0.00 | $0.00 |
Footnotes (1)
- F1. 45,605 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 an officer 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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