Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
transaction | LPTH | Restricted stock unit | Award | $0 | +15.3K | $0.00 | 15.3K | Jun 25, 2021 | Class A common stock | 15.3K | Direct | F1, F2 |
Id | Content |
---|---|
F1 | Each restricted stock unit represents a contingent right to receive one share of Class A common stock. |
F2 | The annual restricted stock unit awards for directors generally vest equally over a three year period. Mr. Creviston's initial grant is prorated for his mid-year appointment to the board; therefore, the shares will vest as follows: 3,934 shares on November 12, 2021, 5,697 shares on November 12, 2022 and 5,697 shares on November 12, 2023. |