December 29, 2023 · Form 4 insider transaction
Suzuki John M bought 4,853 shares of BKTI at $10.00 per share, a transaction worth $48.5K. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 12 days after the transaction.
Pursuant to the Issuer's executive salary swap program, Mr. Suzuki swapped $48,530 of his base salary (on a post-tax basis) in exchange for restricted share units (RSUs), with each RSU representing a contingent right to receive one share of the Issuer's Common Stock, par value $0.60 per share, at a rate of $10.00 per RSU, rounded down to the nearest whole RSU. Such RSUs were fully vested and settled at the time of grant.