February 20, 2024 · Form 4 insider transaction
Gartelmann Richard A JR bought 7,150 shares of Ohio State Bancorp, 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 2 days after the transaction.
Each restricted stock unit represents a contingent right to receive one share of common stock. The reporting person was granted 7,150 restricted stock units on the date of the grant, 3,575 of which are time-based restricted stock units that vest on the third anniversary of the grant date, and 3,575 of which are performance-based restricted stock units that may vest and convert to shares within a range from 0% to 175% of the underlying performance-based restricted stock units originally awarded, depending on our compensation committee approved performance metrics. Vested shares, if any, will be delivered to the reporting person in 3 to 5 business days from the date of vesting.; Included in this total are 6,160 shares of Performance Based Restricted Stock Units and 10,223 shares of Restricted Stock Units.