4//SEC Filing
BURNS TIMOTHY 4
Accession 0001104659-22-128386
CIK 0001507957other
Filed
Dec 18, 7:00 PM ET
Accepted
Dec 19, 9:25 PM ET
Size
9.4 KB
Accession
0001104659-22-128386
Insider Transaction Report
Form 4
Ideal Power Inc.IPWR
BURNS TIMOTHY
CFO, Treasurer, Secretary
Transactions
- Award
Performance Stock Units
2022-12-15+27,500→ 27,500 totalExp: 2025-12-15→ Common Stock (27,500 underlying) - Award
Common Stock
2022-12-15+27,500→ 54,380 total - Tax Payment
Common Stock
2022-12-17$10.27/sh−3,113$31,971→ 51,267 total
Footnotes (3)
- [F1]Represents 27,500 restricted stock units (RSUs) granted to the reporting person under the issuer's 2013 Equity Incentive Plan, as amended and restated to date (the 2013 Plan). Each RSU represents the contingent right to receive one share of the issuer's common stock. The RSUs vest in three equal annual installments on December 15, 2023, December 15, 2024 and December 15, 2025, provided that the reporting person remains employed by the issuer as of each vesting date.
- [F2]Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of an RSU award.
- [F3]Represents up to 27,500 performance stock units (PSUs) granted to the reporting person under the issuer's 2013 Plan. Each PSU represents the contingent right to receive one share of the issuer's common stock. The PSUs vest in three equal tranches at such time or times prior to December 15, 2025 that certain common stock price appreciation metrics are achieved, provided that the reporting person remains employed by the issuer as of each vesting date.
Documents
Issuer
Ideal Power Inc.
CIK 0001507957
Entity typeother
Related Parties
1- filerCIK 0001520107
Filing Metadata
- Form type
- 4
- Filed
- Dec 18, 7:00 PM ET
- Accepted
- Dec 19, 9:25 PM ET
- Size
- 9.4 KB