GABELLI MARC 4

What Happened

• Marc Gabelli, reported as a 10% owner of LGL GROUP INC (LGL), received an award of 2,067 shares on 2026-03-26. The shares were granted at $0.00 (no cash paid), so the reported acquisition value is $0.

Key Details

• Transaction date: 2026-03-26; Filing date: 2026-03-30 (Form 4 accession 0000807249-26-000033).
• Transaction type/code: Award/Grant (A).
• Shares granted: 2,067; Price per share: $0.00; Total reported value: $0.
• Vesting: These shares vest three years from the grant date (vests on 2029-03-26) per the filing footnote.
• Shares owned after transaction: Not specified in the provided excerpt of the filing.
• Timeliness: Form 4 was filed on 3/30/2026, within the typical two-business-day reporting window following the 3/26/2026 transaction.

Context

• This was a stock award (likely restricted shares) rather than an open-market purchase or sale. Awards with multi-year vesting are long-term compensation instruments and do not represent an immediate cash investment or sale. As a 10% owner, Gabelli is a significant shareholder; such grants often reflect compensation or alignment with long-term company goals rather than short-term trading intent.