Form 4: Ocean Power Technologies Executive Matthew Burdyny Reports Stock Transactions
SEC Form 4 Filing
Matthew Burdyny, Chief Commercial Officer of Ocean Power Technologies, reports the acquisition and disposal of common stock and restricted stock units on January 16, 2025.
Summary
- On January 16, 2025, Matthew Burdyny, Chief Commercial Officer of Ocean Power Technologies, reported transactions involving the company's stock.
- Burdyny acquired 36,030, 85,126 and 53,811 shares of common stock through the vesting of restricted stock units.
- He also acquired 776,614 and 491,803 restricted stock units.
- Following these transactions, Burdyny directly owns 234,171 shares of common stock and 491,803 restricted stock units.
- The restricted stock units vest either on the date of the first annual shareholders meeting following the grant date or one year after the grant date, whichever is earlier.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and it doesn't necessarily reflect a significant event for Ocean Power Technologies or the broader renewable energy industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 01/19/2023 | Reporting person was granted 36,030 restricted stock units, vesting based on achievement of certain performance criteria. |
| 02/01/2024 | Reporting person was granted 85,126 restricted stock units, vesting based on achievement of certain performance criteria. |
| 01/16/2025 | Earliest transaction date; vesting of performance-based restricted stock units deemed to occur. |
| 01/21/2025 | Date of signature for the Form 4 filing. |
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