Form 4: LiveOne Director Jay E. Krigsman Awarded Restricted Stock Units
SEC Form 4
Director Jay E. Krigsman receives 66,879 Restricted Stock Units (RSUs) as director fees for service on LiveOne's board.
Summary
- Jay E. Krigsman, a director of LiveOne, Inc., was granted 66,879 Restricted Stock Units (RSUs) on September 10, 2024.
- These RSUs are compensation for his service on the board of directors from October 1, 2023, to September 30, 2024.
- The RSUs will vest on October 31, 2024, contingent upon Krigsman's continued service on the board.
- Each RSU represents the right to receive one share of LiveOne's common stock or its cash equivalent, as determined by the board.
- Krigsman has the option to defer settlement of the RSUs until he is no longer on the board or up to five years from the vesting date.
Sentiment
Score: 7
Explanation: The document indicates standard compensation practices, which is generally viewed neutrally to positively. The vesting schedule incentivizes continued service, which is a positive.
Positives
- The grant of RSUs aligns the director's interests with those of the shareholders.
- The vesting schedule incentivizes continued service on the board.
Future Outlook
The director's compensation is tied to the company's stock performance, incentivizing efforts to increase shareholder value.
Industry Context
Equity compensation is a common practice for compensating board members, aligning their interests with shareholders and incentivizing company growth.
Stakeholder Impact
- Shareholders may view the RSU grant as a positive sign, aligning director interests with company performance.
- The director is incentivized to continue serving on the board to receive the vested shares.
Key Dates
| Date | Description |
|---|---|
| October 1, 2023 | Start date of service period for which RSUs were granted. |
| September 10, 2024 | Date of RSU grant. |
| September 30, 2024 | End date of service period for which RSUs were granted. |
| September 23, 2024 | Date of signature on the form. |
| October 31, 2024 | Vesting date of the RSUs. |
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