Form 4: Director David Green Receives Stock Options in Harvard Apparatus Regenerative Technology, Inc.
SEC Form 4
David Green, a director at Harvard Apparatus Regenerative Technology, Inc. (HRGN), was granted stock options on June 27, 2024, as part of his annual equity grant and in lieu of cash compensation.
Summary
- On June 27, 2024, David Green, a director of Harvard Apparatus Regenerative Technology, Inc. (HRGN), received two stock option grants.
- The first grant was for 10,204 shares at an exercise price of $2.92, representing his annual equity grant as a non-employee director, vesting in four equal installments.
- The vesting dates for the first grant are September 27, 2024, December 27, 2024, March 27, 2025, and June 27, 2025.
- The second grant was for 8,215 shares at an exercise price of $2.92, granted in lieu of cash compensation, vesting in four equal installments.
- The vesting dates for the second grant are June 27, 2024, June 30, 2024, September 30, 2024, and December 31, 2024.
- Both stock options expire on June 27, 2034.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine disclosure of stock option grants to a director, which is a standard practice.
Positives
- The grants align director compensation with company performance.
- The vesting schedule encourages long-term commitment from the director.
Industry Context
Stock option grants are a common form of compensation for directors, especially in smaller companies, to align their interests with shareholders.
Stakeholder Impact
- The stock option grants may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/27/2024 | Date of stock option grants |
| 06/27/2024 | First vesting date for the stock option granted in lieu of cash compensation |
| 06/30/2024 | Second vesting date for the stock option granted in lieu of cash compensation |
| 09/27/2024 | First vesting date for the annual equity grant stock option |
| 09/30/2024 | Third vesting date for the stock option granted in lieu of cash compensation |
| 12/27/2024 | Second vesting date for the annual equity grant stock option |
| 12/31/2024 | Fourth vesting date for the stock option granted in lieu of cash compensation |
| 03/27/2025 | Third vesting date for the annual equity grant stock option |
| 06/27/2025 | Fourth vesting date for the annual equity grant stock option |
| 06/27/2034 | Expiration date for both stock option grants |
| 07/15/2024 | Date of signature for the Form 4 filing |
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