Form 4: Acacia Research Corp Director Kohlberg Receives Stock Grant

Director Isaac T. Kohlberg acquired 23,121 shares of Acacia Research Corp stock on June 7, 2024, as part of an annual equity grant.

Summary

• On June 7, 2024, Isaac T. Kohlberg, a director of Acacia Research Corp, acquired 23,121 shares of ACTG common stock.
• The acquisition was a grant of restricted stock awarded as part of the company's annual equity awards to non-employee directors.
• The grant was made pursuant to the 2024 Acacia Research Corporation Stock Incentive Plan.
• 100% of the restricted stock will vest on the first anniversary of the grant date.
• Following the transaction, Kohlberg directly owns 84,274 shares of ACTG common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine stock grant to a director, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

Stock grants to directors are a common practice in publicly traded companies to incentivize and align their interests with shareholders.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.

Key Dates