Form 4: PetVivo Holdings CFO Robert Costantino Receives Stock Grant for Board Service

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

Summary

• Robert J. Costantino, CFO of PetVivo Holdings, Inc., received 35,000 shares of restricted common stock on October 16, 2024.
• The shares were granted as compensation for Board service.
• These shares vest in four equal amounts of 8,750 shares at the beginning of each quarter of Board service.
• Following the transaction, Costantino beneficially owns 44,703 shares of PetVivo Holdings, Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects standard compensation practice, aligning management and shareholder interests.

Positives

• The stock grant aligns Costantino's interests with those of the shareholders.
• The vesting schedule encourages continued service on the Board.

Future Outlook

NA

Industry Context

This type of stock grant is a common practice for compensating board members and aligning their interests with the company's long-term success. It's typical for smaller companies to use stock grants as part of their compensation packages.

Stakeholder Impact

• Shareholders may view the stock grant positively as it aligns management's interests with the company's performance.
• Employees may see this as a sign of the company's commitment to its leadership.

Key Dates