Form 4: Ocean Power CFO Powers Reports Significant Stock Activity

Ocean Power Technologies CFO Robert Powers reported significant stock acquisitions and a disposition related to restricted stock unit vesting on January 16, 2026.

Summary

• Robert Patrick Powers, the Chief Financial Officer of Ocean Power Technologies, Inc. (OPTT), reported multiple transactions involving the company's common stock and restricted stock units on January 16, 2026.
• Acquired a total of 561,828 shares of common stock through the vesting of restricted stock units (RSUs). This includes 31,458 shares from time-based vesting scheduled for 2026 and 2027, 278,255 shares from time-based vesting of RSUs granted in January 2023 and 2025, and 252,115 shares from performance-based vesting of RSUs granted on January 16, 2025, with vesting deemed to occur on January 16, 2026.
• Disposed of 103,983 shares of common stock at a price of $0, which is typically associated with tax withholding upon RSU vesting.
• Following these reported transactions, beneficial ownership of common stock stands at 765,267 shares.
• Beneficial ownership of derivative securities, specifically restricted stock units, is reported as 252,115 units.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions related to executive compensation, which is generally neutral in sentiment. The vesting of performance-based units is positive, but the overall nature of a Form 4 is informational rather than indicative of new strategic developments.

Positives

• The CFO acquired a substantial 561,828 shares of common stock through the vesting of restricted stock units, indicating the achievement of both time-based and performance-based milestones.
• The vesting of 252,115 performance-based restricted stock units suggests that Ocean Power Technologies met specific performance criteria, which is a positive indicator for the company's operational success.

Negatives

• A disposition of 103,983 common shares occurred, which, while likely for tax withholding purposes, reduces the CFO's direct shareholding.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: Provides transparency regarding executive compensation and changes in insider ownership, which can influence investor confidence.
• Employees: Reflects the company's executive compensation structure, particularly regarding equity incentives and performance-based awards.

Key Dates

Keywords

OPTT, Ocean Power Technologies, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, CFO, Stock Vesting