Form 4: Nocopi Technologies CEO Receives Replacement Grant of 1,649,769 Restricted Stock Units
SEC Form 4
Michael Liebowitz, CEO of Nocopi Technologies, received a grant of 1,649,769 restricted stock units as a replacement for a prior grant that was cancelled.
Summary
- Michael Liebowitz, the CEO of Nocopi Technologies, received a grant of 1,649,769 restricted stock units on August 16, 2024.
- This grant replaces a prior grant of 1,000,000 restricted stock units from October 10, 2023, which was cancelled.
- The restricted stock units vest ratably quarterly over a two-year period starting August 16, 2024.
- Each restricted stock unit represents the right to receive one share of Nocopi Technologies common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
This type of equity compensation is common for executives in publicly traded companies to align their interests with those of shareholders.
Key Dates
| Date | Description |
|---|---|
| October 10, 2023 | Date of prior grant of 1,000,000 restricted stock units that was later cancelled. |
| August 16, 2024 | Date of the new grant of 1,649,769 restricted stock units and start of the vesting period. |
| August 20, 2024 | Date of signature on the Form 4 filing. |
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