CONNELLY THOMAS M JR 4
Research Summary
AI-generated summary
Lightwave Logic (LWLG) Director Thomas Connelly Receives Award
What Happened
- Thomas M. Connelly Jr., a director of Lightwave Logic, reported the acquisition of 7,599 shares of common stock on Feb 2, 2026. The shares were received as restricted stock units (RSUs) and were recorded at $0.00 per share (no cash paid).
Key Details
- Transaction date and price: 2026-02-02; 7,599 shares @ $0.00.
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: The shares represent common stock underlying RSU awards. The RSUs vest ratably on Feb 2, 2026 and Mar 31, 2026 (per footnote F1).
- Filing date: Form 4 filed Feb 5, 2026 (three days after the Feb 2 transaction). Form 4s are generally required within two business days of the transaction.
Context
- This was an award/vesting of RSUs (code "A" on the Form 4), not an open-market purchase or sale. Receiving vested RSUs increases an insider's holdings without a cash outlay; such transactions reflect compensation rather than a direct buy/sell signal.
- No indication in the filing of immediate sales, tax-withholding sell-to-cover, or a 10b5-1 plan.