Lightwave Logic (LWLG) CFO Fred Graffam Receives RSU Award

What Happened Fred Graffam, Chief Financial Officer of Lightwave Logic (LWLG), received a grant of 396,694 restricted stock units (RSUs) on July 24, 2026. The filing reports an acquisition price of $0.00 (typical for compensation awards); no cash was paid by the insider and the reported dollar value is $0. This is an equity compensation grant, not an open-market purchase or sale.

Key Details

• Transaction date and filing: Grant dated 2026-07-24; Form 4 filed 2026-07-28 (timely within the two-business-day rule).
• Transaction type/code: A = Award/Grant of RSUs.
• Shares granted: 396,694 RSUs; acquisition price reported as $0.00.
• Vesting (footnote): 99,178 RSUs vest on July 24, 2027; the remaining RSUs vest in twelve quarterly installments of 24,793 RSUs each beginning October 24, 2027.
• Shares owned after transaction: Not disclosed in the provided filing.
• Filing timeliness: Filed within the typical reporting window (not indicated as late).

Context RSU grants are a form of compensation and typically vest over time, converting to actual shares only as vesting conditions are met. Such awards are common for retention and incentive purposes and do not necessarily reflect an immediate personal investment decision by the insider.