Orion (OESX) CFO Brodin Receives Restricted Stock and Option Award

What Happened J. Per Brodin, EVP, CFO, CAO & Treasurer of Orion Energy Systems, Inc. (OESX), received two equity awards on August 11, 2026: 9,000 restricted shares and a 17,500-share derivative award (option-style). Both grants show $0.00 acquisition price (awards under the 2016 Omnibus Incentive Plan). The restricted stock vests in three equal installments (1/3) on August 11 of 2027, 2028 and 2029. The 17,500-share derivative becomes exercisable only if specified stock-price hurdles ($30, $40 and $50) are met (average closing price for five consecutive trading days) within the three calendar years after the grant and provided Brodin remains employed.

Key Details

• Transaction date: 2026-08-11; Form 4 filed 2026-08-12 (timely filing).
• 9,000 restricted shares granted @ $0.00; vest 1/3 on Aug 11, 2027, 2028, 2029 (Footnote F1).
• 17,500-share derivative award (option-style) granted @ $0.00; exercisable in three tranches if avg. closing price meets $30/$40/$50 thresholds for five consecutive trading days within the three years post-grant, subject to continued employment (Footnote F3).
• Filing notes forfeiture adjustment: 16,548 performance shares were forfeited because performance conditions were not met (Footnote F2).
• Shares owned after the transaction are not specified in the filing.

Context These are compensation grants (awards), not purchases or sales — no cash changed hands. The restricted shares will vest over time; the larger derivative award is performance- and price-contingent, so it only yields shares if stock hurdles are met. Awards are common executive compensation and do not by themselves indicate an insider buying or selling stock.