Cumberland Pharmaceuticals (CPIX) director receives 1,800-share stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Galante Joseph C reported acquisition or exercise transactions in this Form 4 filing.
Cumberland Pharmaceuticals director Joseph C. Galante received a grant of 1,800 shares of Common Stock at $2.80 per share. This award increases his directly held stake to 63,656 shares. The transaction is classified as a grant or award, not an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Galante Joseph C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,800 | $2.80 | $5K |
Holdings After Transaction:
Common Stock — 63,656 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Joseph C. Galante report at Cumberland Pharmaceuticals (CPIX)?
Joseph C. Galante reported receiving a grant of 1,800 shares of Cumberland Pharmaceuticals Common Stock at $2.80 per share. The Form 4 classifies this as a grant or award acquisition, rather than an open-market purchase of shares.
Was the Cumberland Pharmaceuticals (CPIX) insider transaction a purchase or an award?
The transaction was an award, not a market purchase. The Form 4 lists it under code A, described as a grant, award, or other acquisition, indicating compensation-related stock rather than shares bought on the open market.
What price was used for Joseph C. Galante’s Cumberland Pharmaceuticals (CPIX) stock grant?
The reported grant to Joseph C. Galante used a reference price of $2.80 per share for 1,800 shares of Common Stock. This value appears in the Form 4 as the transaction price per share for the non-derivative stock award.
Does the Form 4 for Cumberland Pharmaceuticals (CPIX) show any stock sales by Joseph C. Galante?
The Form 4 does not report any sales. It shows one acquisition transaction coded A for a 1,800-share grant of Common Stock, with no entries indicating dispositions, sales, tax withholdings, or derivative exercises in this filing.
Is Joseph C. Galante’s ownership in Cumberland Pharmaceuticals (CPIX) direct or indirect after this transaction?
His ownership is reported as direct. The Form 4 marks the nature of ownership as direct, with 63,656 Common Stock shares held directly by Joseph C. Galante following the 1,800-share grant transaction.