Form 4: WidePoint COO Todd Dzyak Receives Equity Grant
Statement of Changes in Beneficial Ownership
WidePoint Corporation COO Todd Dzyak acquired 2,904 shares of common stock via a restricted stock grant.
Summary
- COO Todd Dzyak was granted 2,904 shares of restricted common stock on April 20, 2026.
- The restricted stock is subject to a 100% vesting schedule on April 20, 2027, contingent upon continued service.
- Following this transaction, the reporting person's total direct beneficial ownership of common stock is 145,436 shares.
- The filing also notes existing holdings of 9,714 stock options with an exercise price of $1.82.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a routine administrative filing regarding executive compensation that carries no significant market-moving sentiment.
Positives
- Alignment of executive interests with shareholders through equity-based compensation.
- Retention incentive for the Chief Operating Officer through a one-year cliff vesting schedule.
Negatives
- None identified in this filing.
Risks
- Vesting of restricted stock is subject to continued service, creating potential turnover risk if the executive departs before April 20, 2027.
Future Outlook
The filing does not provide forward-looking financial guidance, focusing solely on executive equity compensation.
Management Comments
- The restricted stock vests 100% on April 20, 2027, subject to continued service.
Industry Context
StockSavvy.ai notes that equity grants to C-suite executives are standard corporate governance practices intended to align management incentives with long-term shareholder value creation.
Comparison to Industry Standards
- The use of restricted stock units with time-based vesting is a standard industry practice for executive retention.
- The one-year cliff vesting period is consistent with typical compensation structures for mid-cap technology and service firms.
Stakeholder Impact
- Shareholders may view the equity grant as a standard retention mechanism for key leadership.
Next Steps
- Vesting of restricted shares on April 20, 2027.
Key Dates
| Date | Description |
|---|---|
| 04/20/2026 | Date of the restricted stock grant transaction. |
| 04/21/2026 | Date the Form 4 was filed with the SEC. |
| 04/20/2027 | Vesting date for the 2,904 restricted shares. |
| 08/04/2028 | Expiration date for existing stock options. |
Keywords
WidePoint, WYY, Form 4, Insider Trading, Executive Compensation, COO
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.