Sanara MedTech (SMTI) CFO awarded 12,687 restricted shares vesting 2027-2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Taylor Elizabeth B reported acquisition or exercise transactions in this Form 4 filing.
Sanara MedTech Inc. granted its Chief Financial Officer, Elizabeth B. Taylor, 12,687 shares of restricted common stock as equity compensation. These shares were awarded at no cash cost and increase her direct holdings to 17,632 common shares following the transaction.
The restricted stock will vest in three equal installments, with one-third vesting on March 22 of 2027, 2028, and 2029, respectively. Vesting is conditioned on her continued employment with Sanara MedTech through each vesting date, aligning a portion of her compensation with the company’s long-term performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Taylor Elizabeth B
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 12,687 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 17,632 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sanara MedTech (SMTI) report for its CFO?
Sanara MedTech reported that CFO Elizabeth B. Taylor received 12,687 shares of restricted common stock as an equity grant. The award was recorded as a Form 4 acquisition with no cash price per share and reflects compensation rather than an open-market purchase.
What are the vesting terms of the Sanara MedTech (SMTI) CFO’s restricted stock grant?
The 12,687 restricted shares granted to Sanara MedTech’s CFO vest in three equal installments. One-third vests on March 22, 2027, another third on March 22, 2028, and the final third on March 22, 2029, contingent on continued employment.
Is the Sanara MedTech (SMTI) CFO’s Form 4 transaction a market purchase or sale?
The transaction is not a market purchase or sale. It is a grant of 12,687 restricted shares recorded under code “A” for grant or award, with a price per share of 0.0000, representing stock-based compensation rather than trading in the open market.
What conditions apply to the Sanara MedTech (SMTI) CFO’s restricted stock award?
The restricted shares will vest only if the CFO remains employed by Sanara MedTech through each vesting date in 2027, 2028, and 2029. If employment ends before a scheduled vesting date, the unvested portion of the award would not vest under these terms.