Inogen (INGN) director receives 28,081-share restricted stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
King Kevin M reported acquisition or exercise transactions in this Form 4 filing.
Inogen Inc director Kevin M. King received a grant of 28,081 shares of common stock through a restricted stock unit award. The award was made at no cash cost per share and is a form of equity compensation rather than an open-market purchase.
Following this grant, King directly holds 104,966 shares of Inogen common stock. According to the award terms, the restricted stock units will vest if he continues serving the company until the earlier of one year from the grant date or the day before the next annual stockholder meeting.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
King Kevin M
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 28,081 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 104,966 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 28,081 shares
Price per share: $0.0000 per share
Holdings after grant: 104,966 shares
3 metrics
RSU grant size
28,081 shares
Restricted stock unit award to director Kevin M. King
Price per share
$0.0000 per share
Indicates compensation grant, not open-market purchase
Holdings after grant
104,966 shares
Total Inogen common stock directly held by Kevin M. King after transaction
Key Terms
restricted stock unit award, vest, Annual Meeting of the Issuer's stockholders
3 terms
restricted stock unit award financial
"The reported shares were acquired pursuant to a restricted stock unit award."
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
vest financial
"the restricted stock unit award shall vest on the earlier of (i) the one-year anniversary..."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Annual Meeting of the Issuer's stockholders financial
"the day prior to the date of the Annual Meeting of the Issuer's stockholders next following the date of grant."
FAQ
What did Inogen (INGN) director Kevin M. King report on this Form 4?
Kevin M. King reported receiving 28,081 shares of Inogen common stock through a restricted stock unit award. This is an equity compensation grant, not an open-market share purchase, and increases his direct holdings to 104,966 shares after the transaction.
Was the Inogen (INGN) Form 4 transaction a stock purchase or a grant?
The Form 4 shows a grant, labeled as a restricted stock unit award, rather than an open-market stock purchase. The transaction code "A" and zero price per share indicate compensation-related share acquisition, not a cash-funded buy in the market.
What are the vesting conditions on Kevin M. King’s Inogen (INGN) restricted stock units?
The restricted stock unit award vests if Kevin M. King continues serving Inogen until the earlier of one year from the grant date or the day before the next annual stockholder meeting. Continued service is therefore required for the award to fully vest.