Form 4: electroCore Director Patricia Wilber Receives Stock Grant

Director Patricia Wilber received a grant of 16,583 restricted stock units from electroCore, Inc. on September 3, 2024.

Summary

• Patricia Wilber, a director of electroCore, Inc., received 16,583 restricted stock units on September 3, 2024.
• These units are part of an annual director award and will vest in 12 equal monthly installments from the grant date.
• Full vesting will occur earlier if there's a change of control or one business day before the next annual stockholder meeting, provided continuous service is maintained.
• Wilber's holdings include 49,697 shares of common stock, incorporating previously reported vested restricted stock units.
• The filing was signed by Ira Kotel, attorney-in-fact, on September 5, 2024.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally neutral to positive as it aligns director interests with shareholder value.

Positives

• The grant of restricted stock units aligns the director's interests with the company's performance and shareholder value.

Future Outlook

The restricted stock units vest over time, incentivizing continued service and alignment with company goals.

Industry Context

This type of stock grant is a common practice for compensating and incentivizing directors in publicly traded companies.

Stakeholder Impact

• The stock grant aligns the director's interests with those of the shareholders.

Key Dates