Orbital Energy Group (OEG) executive Grindstaff received 154,106 shares
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Insider transactions reported
Nicholas M Grindstaff (executive at Orbital Energy Group Inc., OEG) reported that they received 154,106 shares on Sep 15, 2022. After these transactions the filing shows 296,052 shares held directly.
- Reporting person
- Grindstaff Nicholas M
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Sep 15, 2022 | Grant or award (A) | Common Stock1, 2 | +154,106 | - | - | 296,052 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Sep 15, 2022 | Grant or award (A) | Restricted Stock UnitsOn 500,000 Common Stock3, 4, 5, ... | +500,000 | - | - | 500,000 direct |
Holdings before and after
- Common Stock: 141,946 to 296,052 direct
- Restricted Stock Units: 0 to 500,000 direct
Footnotes from the filing
- 1. 250,000 fully vested Restricted stock units were granted and issued net of 95,894 shares withheld for taxes.
- 2. Shares were issued as part of employee agreement based on a market price of $0.63.
- 3. 250,000 shares will vest on 9/15/23 and 250,000 shares will vest on 9/15/24
- 4. RSUs vest and automatically convert to common stock in three tranches, 9/15/22, 9/15/23 and 9/15/24.
- 5. RSU shares convert to common stock on a 1 for 1 basis at the market rate of the common stock on the vesting date.
- 6. Price of RSU corresponds to the market price of the common stock, which was $0.63 on 9/15/22.
Transaction codes in this filing
- Grant or award:
- Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
FAQ
What did Grindstaff report in this OEG Form 4?
Nicholas M Grindstaff (executive at Orbital Energy Group Inc., OEG) reported that they received 154,106 shares on Sep 15, 2022. After these transactions the filing shows 296,052 shares held directly.
How many OEG shares does Grindstaff hold after this filing?
The filing shows 296,052 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
What does transaction code A mean on an SEC Form 4?
Code A marks a grant or award from the company under an exempt employee or director plan. Usually nothing is paid for it.
Historical context for OEG
Earlier insider filings at OEG
- Oct 14, 2022SEC Form 4: Addison Paul T was granted 26,316 shares, increasing direct ownership by 74% to 61,706 units
- Oct 14, 2022SEC Form 4: Cochennet Steve was granted 26,316 shares, increasing direct ownership by 10% to 297,617 units
- Oct 14, 2022SEC Form 4: Lambrecht Corey Allen was granted 26,316 shares, increasing direct ownership by 13% to 233,322 units
- Oct 14, 2022SEC Form 4: Thornton Jerry Sue was granted 26,316 shares, increasing direct ownership by 79% to 59,659 units
- Oct 14, 2022SEC Form 4: Tucker Sarah was granted 26,316 shares, increasing direct ownership by 22% to 147,328 units
Quantisnow market dataNASDAQ
OEG
Orbital Energy Group Inc.
- Market cap
- 30-day
- Sector
- Industrials
- Industry
- Oilfield Services/Equipment
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