Form 4: Cingulate Inc. Director Peter J. Werth Acquires Stock Options in Lieu of Cash Retainer
SEC Form 4
Director Peter J. Werth acquired stock options in Cingulate Inc. in lieu of cash retainer fees.
Summary
- On March 4, 2024, Peter J. Werth, a director of Cingulate Inc., acquired 1,824 stock options.
- The options were granted in lieu of $3,648 in cash retainer fees.
- The exercise price of the options is $1.18.
- The options vest on the one-year anniversary of the grant date and expire on March 4, 2034.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard compensation practice. The director taking options instead of cash could be seen as a slightly positive sign.
Positives
- A director accepting stock options in lieu of cash may signal confidence in the company's future performance.
Industry Context
This is a standard practice for compensating board members, especially in smaller companies or those looking to conserve cash.
Stakeholder Impact
- The granting of stock options aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/04/2024 | Date of transaction: Peter J. Werth acquired stock options. |
| 03/04/2034 | Expiration date of the stock options. |
| 03/06/2024 | Date of signature by Attorney-in-Fact. |
Keywords
stock options, director, Cingulate Inc., Form 4, beneficial ownership, Werth, CING
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