4/A: ISSC CEO Equity Grant Amendment
Amended Statement of Changes in Beneficial Ownership
Innovative Solutions & Support CEO Shahram Askarpour files an amendment to correct a clerical error regarding performance stock unit grants.
Summary
- CEO Shahram Askarpour received a grant of 20,171 Restricted Stock Units (RSUs) at a price of $19.83.
- The CEO was granted 34,364 non-qualified stock options with an exercise price of $19.83.
- This filing amends a previous report to correct the number of Performance Stock Units (PSUs) granted, which were previously understated due to a clerical error.
- The corrected total for the PSU grant is 45,455 units.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral administrative update; the correction of a clerical error does not change the company's financial outlook or operational status.
Positives
- Alignment of executive compensation with long-term shareholder value through equity-based incentives.
- Transparency in correcting administrative reporting errors.
Negatives
- Clerical error in the original filing indicates a minor administrative oversight in reporting executive compensation.
Risks
- Vesting of equity is subject to continued employment.
- Performance Stock Units are contingent upon the issuer's common stock achieving specific price targets.
Future Outlook
The equity grants are subject to a multi-year vesting schedule (1/4th after one year, then 1/12th quarterly) and performance-based price targets for the PSUs, indicating a long-term retention and performance incentive strategy.
Management Comments
- The filing notes that the amendment was necessary to correct a clerical error that understated the original PSU grant.
Industry Context
StockSavvy.ai notes that amendments to Form 4 filings for clerical errors are common and generally do not signal underlying business distress, but rather reflect administrative housekeeping regarding executive compensation packages.
Comparison to Industry Standards
- The use of a mix of RSUs, options, and performance-based units is consistent with standard executive compensation practices in the aerospace and defense technology sector.
- Vesting schedules align with typical industry benchmarks for long-term executive retention.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Administrative Correction | Correction of clerical error in reporting PSU grants. | 05/01/2026 | None; purely administrative. |
Stakeholder Impact
- Shareholders are informed of the accurate compensation structure for the CEO.
Next Steps
- Vesting of equity awards according to the 2019 Stock-Based Incentive Compensation Plan schedule.
Key Dates
| Date | Description |
|---|---|
| 02/17/2026 | Date of the equity grant transaction. |
| 02/19/2026 | Date of the original Form 4 filing. |
| 05/01/2026 | Date of the amended filing. |
| 02/17/2036 | Expiration date for stock options and performance stock units. |
Keywords
ISSC, Innovative Solutions & Support, Executive Compensation, Form 4, Insider Trading, Equity Grants
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