4/A: PetVivo Holdings Director Acquires 35,000 Shares of Restricted Stock

Robert J. Costantino, a director at PetVivo Holdings, Inc., acquired 35,000 shares of restricted common stock as compensation for board service.

Summary

• Robert J. Costantino, a director of PetVivo Holdings, Inc., received 35,000 shares of restricted common stock.
• These shares were granted as compensation for his service on the Board of Directors.
• The shares vest in four equal installments of 8,750 shares at the beginning of each quarter of board service.
• Following this transaction, Mr. Costantino now beneficially owns 44,703 shares of PetVivo Holdings, Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of compensating a director with stock, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The grant of shares to a director aligns their interests with the company's performance.
• The vesting schedule encourages continued service on the board.

Industry Context

This type of stock grant is a common practice for compensating board members in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Stock grants to directors are a standard practice across the industry, often used to attract and retain qualified board members.
• The vesting schedule of quarterly installments is also a common approach to ensure continued engagement and alignment with the company's long-term goals.
• Comparable companies in the biotech and animal health sectors often use similar compensation structures for their board members.

Stakeholder Impact

• The stock grant aligns the director's interests with those of shareholders.
• The vesting schedule encourages the director's continued service, which benefits the company and its stakeholders.

Key Dates

Keywords

PetVivo Holdings, Director, Stock Grant, Restricted Stock, Beneficial Ownership, Compensation, Board Service