COHEN AVI 4
Research Summary
AI-generated summary
NOVA (NVMI) Director Avi Cohen Receives 334-Share RSU Award
What Happened
- Avi Cohen, a director of NOVA Ltd. (NVMI), received a grant of 334 restricted share units (RSUs) on June 18, 2026. The RSUs were reported as an award (transaction code A) with a reported acquisition price of $0.00 (no cash paid).
Key Details
- Transaction date: 2026-06-18; Form 4 filed: 2026-06-22 (filing marked late).
- Award: 334 RSUs (each RSU represents the right to receive one ordinary share upon vesting and settlement); vesting schedule for this grant: 100% vests on June 18, 2027 (first anniversary), subject to continued service.
- Reported holdings after the transaction: includes 5,799 ordinary shares plus 2,903 RSUs in total (454 RSUs vesting through 2026; 742 through 2027; 546 through 2028; 827 RSUs that fully vested on 2026-06-18; and the 334 RSUs in this grant).
- Consideration/value: reported acquisition price $0.00 (standard for shares issued as compensation).
- Filing timeliness: The Form 4 was filed late (filed 2026-06-22 for a 2026-06-18 transaction), which delays public visibility but does not change the substance of the grant.
Context
- RSUs are compensation awards that convert to ordinary shares upon vesting; they are not an immediate cash purchase or sale and do not by themselves indicate a buy/sell market signal.
- This transaction is a compensation award to a director rather than an open-market purchase; such grants are routine for executive/director compensation.