Form 4: Nocopi CFO Glickman Reports RSU Grant, Tax Withholding

Nocopi Technologies CFO Debra Glickman reported the grant of 10,000 restricted stock units and the withholding of 2,360 shares for tax obligations.

Summary

• Debra Elyse Glickman, Chief Financial Officer of Nocopi Technologies Inc. (NNUP), reported changes in her beneficial ownership.
• On December 29, 2025, Glickman was granted 10,000 restricted stock units (RSUs).
• Of these RSUs, 5,000 vested immediately on December 29, 2025.
• The remaining 5,000 RSUs are scheduled to vest on December 29, 2026.
• Each restricted stock unit represents a contingent right to receive one share of Nocopi Technologies, Inc. common stock.
• On the same date, December 29, 2025, the company withheld 2,360 shares of common stock to cover Glickman's tax obligations related to the vested RSUs.
• Following these transactions, Glickman beneficially owns 15,280 shares of common stock directly.

Sentiment

Score: 5

Explanation: The filing reports a standard equity compensation event for a key executive, including a grant of restricted stock units and subsequent tax withholding, which is a neutral event in terms of company performance.

Positives

• The grant of 10,000 restricted stock units to the CFO aligns management's interests with shareholders.
• Immediate vesting of 5,000 RSUs on the grant date provides immediate equity ownership.

Negatives

• The withholding of 2,360 shares for tax obligations reduces the number of shares directly received by the CFO, which is a standard practice but results in a lower net share acquisition.

Future Outlook

The remaining 5,000 restricted stock units are scheduled to vest on December 29, 2026.

Industry Context

Equity compensation, such as restricted stock units, is a common practice across industries to attract, retain, and incentivize key executives by aligning their financial interests with the long-term performance of the company.

Comparison to Industry Standards

• The use of restricted stock units (RSUs) for executive compensation is a widely adopted practice in publicly traded companies, including those in the technology sector like Nocopi Technologies. This method is comparable to compensation structures seen at companies of similar size and market capitalization, aiming to provide long-term incentives and promote retention. Specific comparable companies or projects are not detailed in this filing.

Related Party Transactions

• The RSU grant to the CFO is a transaction with a related party (an executive officer), but it is a standard form of executive compensation.

Stakeholder Impact

• Shareholders: The grant of RSUs dilutes existing shares slightly upon vesting but aims to incentivize management for long-term value creation.
• Employees: This specific filing pertains to an executive, but equity compensation programs can positively impact employee morale and retention if broadly applied.

Next Steps

• Vesting of the remaining 5,000 restricted stock units on December 29, 2026.

Key Dates

Keywords

Nocopi Technologies, NNUP, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Grant, CFO, Debra Glickman, Beneficial Ownership, Equity Compensation, Tax Withholding