Form 4: PetVivo Holdings CFO Diane Levitan Receives Stock Grant for Board Service

Diane Levitan, CFO of PetVivo Holdings, Inc., received a grant of 35,000 shares of restricted common stock as compensation for Board service.

Summary

• On October 16, 2024, Diane Levitan, Chief Financial Officer of PetVivo Holdings, Inc., received a grant of 35,000 shares of restricted common stock.
• The shares were granted as compensation for her service on the Board of Directors.
• The shares vest in four equal amounts of 8,750 shares at the beginning of each quarter of Board service.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of a stock grant, which is generally neutral. It indicates compensation for board service, which is a standard practice.

Positives

• The grant of shares aligns the CFO's interests with those of the shareholders.
• The vesting schedule incentivizes continued service on the Board.

Industry Context

Stock grants to board members and executives are a common practice in publicly traded companies to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock grants for board service are a typical form of compensation in publicly traded companies, often vesting over a period of years to incentivize long-term commitment.
• The size of the grant would need to be compared to similar companies in the animal health or biotechnology sectors to determine if it is within industry norms.
• Companies like Zoetis or Elanco Animal Health could be used as benchmarks for executive compensation practices.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns management's interests with theirs.
• The grant could have a minor dilutive effect on existing shareholders.

Key Dates