Form 4: PetVivo Holdings CFO Joseph Jasper Receives Stock Grant
SEC Form 4 Filing
Joseph Jasper, CFO of PetVivo Holdings, receives 35,000 shares of restricted common stock as compensation for Board service.
Summary
- On October 16, 2024, Joseph William Jasper, the Chief Financial Officer of PetVivo Holdings, Inc. [PETV], acquired 35,000 shares of common stock.
- These shares were granted as restricted common stock as compensation for Board service.
- The shares vest in four equal amounts of 8,750 shares at the beginning of each quarter of Board service.
- Jasper also indirectly owns 2,000 shares of common stock through his wife.
- Following the transaction, Jasper directly owns 69,754 shares of PetVivo Holdings, Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice that aligns management with shareholder interests.
Positives
- The stock grant aligns the CFO's interests with those of the shareholders.
- The vesting schedule incentivizes continued service on the Board.
Industry Context
Stock grants to executives are a common practice to align management's interests with those of shareholders and incentivize performance.
Stakeholder Impact
- The stock grant could have a slightly positive impact on shareholders by aligning management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 10/16/2024 | Date of transaction: Joseph Jasper acquired 35,000 shares of restricted common stock. |
| 10/18/2024 | Date of signature on the Form 4 filing. |
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