January 16, 2025 · Form 4 insider transaction
Slaiby Peter E. bought 593,208 shares of Ocean Power Technologies, Inc. at $0.00 per share, a transaction worth N/A. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 5 days after the transaction.
Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.; Restricted stock units granted by the Board of Directors of the Issuer as annual compensation to the non-employee members of the Board of Directors, which vest in full on the date of the first annual shareholders meeting following the grant date or one year after the grant date, whichever is earlier.