WiSA Tech Strengthens Executive Retention with Multi-Year Stock Compensation 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.
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Insider Trade Summary
Net Buyer: 45,605 shares
Net Buy
1 txn
Insider
Mbugua Stanley
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 45,605 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 238,338 shares (Direct)
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the vesting schedule for Stanley Mbugua's WISA stock grant?
The LTIP Shares will vest in equal installments from September 20, 2025 to June 20, 2028, with vesting dates occurring quarterly on September 20th, December 20th, March 20th, and June 20th, contingent on Mbugua remaining in service with WISA on each vesting date.
What position does Stanley Mbugua hold at WISA Technologies?
Stanley Mbugua serves as the Chief Accounting Officer and VP of Finance at WISA Technologies.