Form 4: Director Salhany Boosts Stake in 22nd Century Group

22nd Century Group Director Lucille S. Salhany acquired restricted stock units and stock options, increasing her beneficial ownership.

Summary

• Lucille S. Salhany, a Director of 22nd Century Group, Inc. (XXII), reported transactions on November 10, 2025.
• Acquired 11,006 shares of Common Stock in the form of Restricted Stock Units (RSUs) at a price of $0.
• These RSUs will vest 1/3 per year on November 10, 2026, 2027, and 2028, contingent on continued service with the company.
• Acquired 33,020 Non-Qualified Stock Options at a price of $0, with an exercise price of $1.27.
• These options were granted on November 10, 2025, and will expire on November 10, 2035.
• The options vest 1/3 per year on the anniversary of the grant date, subject to continued service.
• Following these transactions, Salhany beneficially owns 11,114 shares of Common Stock directly.
• The reported share amounts reflect an adjustment for a 1-for-23 stock split effectuated by the issuer on June 20, 2025.
• Additionally, Salhany holds 322 Non-Qualified Stock Options with an exercise price of $46.23, expiring on March 10, 2035, also adjusted for the stock split.

Sentiment

Score: 6

Explanation: The filing indicates a director's increased equity stake through compensation grants, which is generally viewed as a positive for aligning management interests with shareholders. However, it is a routine compensation disclosure rather than a direct investment, hence a moderately positive score.

Positives

• A director increasing their equity stake through grants aligns their interests with those of shareholders, potentially signaling confidence in the company's future performance.
• The acquisition of 11,006 Restricted Stock Units and 33,020 Non-Qualified Stock Options at a $0 transaction price represents a significant increase in the director's potential ownership.

Stakeholder Impact

• Shareholders: The increased equity ownership by a director through compensation grants can be seen as a positive signal, aligning the director's financial interests with the long-term performance of the company and shareholder value.

Next Steps

• Vesting of 1/3 of Restricted Stock Units on November 10, 2026, 2027, and 2028, subject to continued service.
• Vesting of 1/3 of Non-Qualified Stock Options annually on the anniversary of the grant date (November 10), subject to continued service.

Key Dates

Keywords

22nd Century Group, XXII, Lucille S. Salhany, Director, SEC Form 4, Insider Transaction, Restricted Stock Units, Stock Options, Beneficial Ownership, Equity Compensation, Stock Split