Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | OPTT | Restricted Stock Unit | Award | $0 | +25K | $0.00 | 25K | Nov 9, 2023 | Common Stock | 25K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock. |
F2 | Restricted stock units granted by the Board of Directors of the Issuer as compensation for service as an officer of the Company. The restricted stock units will vest (i) 1/3 equally on the first anniversary of the date of grant, and the second anniversary of the date of grant; (ii) 1/3 will vest based on a positive Total Shareholder Return year over year; and (iii) 1/3 will vest on a positive relative Total Shareholder Return year over year. |