Sanara MedTech (SMTI) grants restricted stock to controller vesting through 2029
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Mackey Ashley M reported acquisition or exercise transactions in this Form 4 filing.
Sanara MedTech Inc. reported that Controller Ashley M. Mackey received a grant of 2,804 shares of common stock as equity compensation. The shares were awarded at no cash cost and increased her direct holdings to 5,067 shares after the transaction.
According to the filing, the 2,804 granted shares are restricted stock issued under the Sanara MedTech Inc. 2024 Omnibus Long-Term Incentive Plan. They will vest in three equal installments on March 22, 2027, March 22, 2028 and March 22, 2029, provided she remains employed with the company through each vesting date.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Mackey Ashley M
Role
Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,804 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 5,067 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Sanara MedTech (SMTI) report on this Form 4?
Sanara MedTech reported a grant of 2,804 shares of common stock to Controller Ashley M. Mackey. The award is equity compensation, not an open-market purchase or sale, and was issued at no cash cost, increasing her direct holdings to 5,067 shares.
Who is the insider named in the Sanara MedTech (SMTI) Form 4 filing?
The insider is Ashley M. Mackey, who serves as Controller at Sanara MedTech Inc. The filing shows she received a restricted stock grant of 2,804 common shares, bringing her direct ownership position to 5,067 shares after the reported transaction.
What are the vesting terms of the Sanara MedTech (SMTI) restricted stock grant?
The 2,804 restricted shares will vest in three equal installments over time. One-third vests on March 22, 2027, another third on March 22, 2028, and the final third on March 22, 2029, if Ashley M. Mackey remains employed through each date.
Under which plan was the Sanara MedTech (SMTI) restricted stock granted?
The restricted stock was granted under the Sanara MedTech Inc. 2024 Omnibus Long-Term Incentive Plan. This plan allows the company to issue equity awards, such as restricted stock, to employees like Controller Ashley M. Mackey as part of long-term compensation.
Was the Sanara MedTech (SMTI) Form 4 transaction a market purchase or sale?
No, the transaction was not a market purchase or sale. It reflects a grant of 2,804 shares of restricted common stock to Controller Ashley M. Mackey as compensation, with no purchase price per share, and a multi-year vesting schedule tied to continued employment.