Orion Energy (OESX) Director Anthony Otten Receives Restricted Stock Award

What Happened
Anthony L. Otten, a director of Orion Energy Systems, Inc. (OESX), was granted 2,532 restricted shares on August 11, 2026. The award was reported at $0.00 per share (total reported value $0) and is a restricted stock grant under the company's 2016 Omnibus Incentive Plan. This is a compensation award (not a market purchase or sale).

Key Details

• Transaction date: 2026-08-11 (Form filed 2026-08-12; timely filing).
• Transaction type/code: Award/Grant (A).
• Shares granted: 2,532 restricted shares at $0.00 per share (reported value $0).
• Vesting: 1/3 of the restricted stock vests on each of Aug 11, 2027, 2028 and 2029 (per footnote).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Notable footnote: The filing notes a 1-for-10 reverse stock split effective Aug 22, 2025, which reduced the reporting person's direct common stock holdings by 210,971 shares (conversion of every 10 shares into 1).
• No exercise, sale, or tax-withholding transaction reported in this filing.

Context
Restricted stock awards are compensation that typically vest over time; until vested they generally cannot be sold, so they represent future potential share ownership rather than an immediate market purchase. This grant should be viewed as a routine equity-based compensation event for a director rather than an explicit buy or sell signal.