LGL Group (LGL) director awarded 2,067 shares, holding rises to 7,249
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
DeRemer Darlene T. reported acquisition or exercise transactions in this Form 4 filing.
LGL Group Inc director Darlene T. DeRemer received a grant of 2,067 shares of Common Stock as equity compensation. The shares were awarded at a stated price of $0.00 per share and will vest three years from the grant date, on March 26, 2029. Following this award, she directly holds 7,249 shares of LGL Group common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
DeRemer Darlene T.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,067 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,249 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Equity grant: 2,067 shares
Grant price: $0.00 per share
Post-transaction holdings: 7,249 shares
+1 more
4 metrics
Equity grant
2,067 shares
Common Stock awarded to director Darlene T. DeRemer
Grant price
$0.00 per share
Stated price for the 2,067-share award
Post-transaction holdings
7,249 shares
Directly held Common Stock after the grant
Vesting date
March 26, 2029
Vesting date for the 2,067-share grant
Key Terms
Grant, award, or other acquisition, Common Stock, vest
3 terms
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.
vest financial
"These shares vest 3 years from the date of grant, on 3/26/2029."
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.
FAQ
What did LGL (LGL) director Darlene DeRemer report in this Form 4?
Director Darlene T. DeRemer reported receiving a grant of 2,067 shares of LGL Group Common Stock. The award was recorded at $0.00 per share and represents equity compensation, increasing her directly held position to 7,249 shares after the transaction.