Gitin Mark Milton 4
Research Summary
AI-generated summary
IPG Photonics CEO Mark Gitin Receives RSU Award
What Happened
- Mark Gitin (CEO and Director) was granted 19,887 restricted stock units (RSUs) on February 18, 2026. The award is reported as an acquisition at $0.00 per share (no immediate cash paid or proceeds recorded).
- This is an executive equity award (transaction code A), not an open-market purchase or sale.
Key Details
- Transaction date and price: 2026-02-18 — 19,887 RSUs @ $0.00 (immediate reported value $0).
- Vesting: Per footnote F1, the RSUs vest in three annual installments of 33% (Mar 1, 2027), 33% (Mar 1, 2028) and 34% (Mar 1, 2029).
- Other footnote (F2): Notes prior employee stock purchase plan purchases of 172 shares (6/30/2025) and 175 shares (12/31/2025).
- Shares owned after transaction: not specified in the supplied summary.
- Filing: Report filed 2026-02-20 for a 2026-02-18 transaction — appears to be within the standard Form 4 filing window (timely).
Context
- RSUs are a grant that convert to actual shares as they vest; they do not represent immediate cash or an open-market buy/sell. Such awards are common for executive compensation and are not, by themselves, a direct signal of buying or selling intent.