Form 4: Acacia Research Corp Director Michelle Felman Acquires 23,121 Shares of Common Stock

Director Michelle Felman acquired 23,121 shares of Acacia Research Corp common stock on June 7, 2024, as part of the company's annual equity grant to non-employee directors.

Summary

• On June 7, 2024, Michelle Felman, a director of Acacia Research Corp, acquired 23,121 shares of ACTG common stock.
• The acquisition was part of the company's annual grant of equity awards to non-employee directors, according to the 2024 Acacia Research Corporation Stock Incentive Plan.
• The restricted stock grant will vest 100% on the first anniversary of the grant date.
• Following the transaction, Felman directly owns 23,121 shares of ACTG common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (stock grant to a director) and doesn't contain any alarming or negative information. It's a neutral event with a slightly positive implication due to aligning director interests with shareholders.

Positives

• The grant of restricted stock to a director aligns their interests with the company's long-term performance.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The restricted stock will vest 100% on the first anniversary of the grant date.

Industry Context

This is a standard practice for compensating non-employee directors in publicly traded companies. Equity grants are used to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Granting restricted stock to non-employee directors is a common practice among publicly traded companies to align their interests with shareholders.
• The vesting period of one year is also fairly standard, as it encourages continued service on the board.
• Comparable companies in the technology and intellectual property sectors, such as WiLAN and Marathon Patent Group, also utilize equity-based compensation for their directors.

Stakeholder Impact

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

Key Dates