C. Scott Gibson - Aug 8, 2022 Form 4 Insider Report for WIRELESS TELECOM GROUP INC (WTT)

Role
Director
Signature
/s/ Michael Kandell
Stock symbol
WTT
Transactions as of
Aug 8, 2022
Transactions value $
$0
Form type
4
Date filed
9/8/2022, 09:13 PM
Previous filing
May 13, 2022
Next filing
May 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WTT Common Stock, par value $0.01 per share Award $0 +25K +85.03% $0.00 54.4K Aug 8, 2022 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Transaction represents grant of Restricted Stock Units ("RSUs") under the 2021 Long-Term Incentive Plan in a transaction exempt under Rule 16b-3(d). On August 8, 2022 the Reporting Person was granted 25,000 RSUs which vest on August 7, 2023 (the "Vesting Date"), provided that the Reporting Person's service as a director of the Company continues to such date. Vesting may occur earlier during the Reporting Person's period of service due to death or disability or the occurrence of a change in control. Each RSU represents the contingent right to receive, at settlement, one share of Wireless Telecom Group (WTT) Common Stock subject to vesting of said unit. Settlement will occur within 30 days of the earlier of three years from the grant date, the date of the Reporting Person's separation from service (assuming vesting) or a change in control (assuming vesting).
F2 All reported securities represent RSUs.