Burdyny Matthew 4
4 · Ocean Power Technologies, Inc. · Filed Nov 17, 2023
Insider Transaction Report
Form 4
Burdyny Matthew
Chief Commercial Officer
Transactions
- Award
Restricted Stock Unit
2023-11-09+25,000→ 25,000 total→ Common Stock (25,000 underlying)
Footnotes (2)
- [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.