WRAP Technologies (WRAP) director receives 19,643-share RSU grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Szymanski Timothy reported acquisition or exercise transactions in this Form 4 filing.
WRAP TECHNOLOGIES, INC. director Timothy Szymanski received a grant of 19,643 shares of Common Stock in the form of Restricted Stock Units at a stated price of $0.00 per share. Following this award, he directly holds 156,859 shares.
According to the grant terms, 12,768 of the RSUs vested on the grant date, and the remaining units vest in eight equal monthly tranches, creating a short, time-based vesting schedule tied to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Szymanski Timothy
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,643 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 156,859 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 19,643 shares
Immediate vesting portion: 12,768 RSUs
Post-transaction holdings: 156,859 shares
+2 more
5 metrics
RSU grant size
19,643 shares
Common Stock award on grant date
Immediate vesting portion
12,768 RSUs
Vested on grant date
Post-transaction holdings
156,859 shares
Direct ownership after grant
Vesting schedule
8 monthly tranches
Remaining RSUs vest ratably
Grant price
$0.00 per share
Equity compensation, non-cash
Key Terms
Restricted Stock Units, RSUs, transaction code "A", grant, award, or other acquisition, +1 more
5 terms
Restricted Stock Units financial
"Represents a 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.
RSUs financial
"On the date of grant, 12,768 of the RSUs vested and the remainder"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
transaction code "A" financial
"transaction_code": "A","transaction_code_description": "Grant, award, or other acquisition""
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
Common Stock financial
"security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What did WRAP director Timothy Szymanski report in this Form 4?
Director Timothy Szymanski reported receiving a grant of 19,643 WRAP common shares as Restricted Stock Units at a stated price of $0.00 per share. This is a compensation-related equity award, not an open-market purchase or sale of stock.
How do the WRAP RSUs granted to Timothy Szymanski vest?
The RSU grant to Timothy Szymanski partially vests immediately and then monthly. On the grant date, 12,768 RSUs vested, while the remaining units vest ratably in eight monthly tranches, creating a short-term scheduled vesting structure based solely on time and continued service.
Was Timothy Szymanski’s WRAP RSU grant an open-market stock purchase?
No, the transaction was not an open-market purchase. The Form 4 labels it as a grant or award acquisition with a transaction price of $0.00 per share, meaning it is part of equity compensation rather than a cash-funded buy on the open market.
What does transaction code "A" mean in Timothy Szymanski’s WRAP Form 4?
Transaction code "A" on Timothy Szymanski’s Form 4 indicates a grant, award, or other acquisition of shares. In this case, it reflects the award of 19,643 Restricted Stock Units, a non-cash equity compensation grant, instead of a discretionary stock market transaction.