Sawyer Jon D 4
Research Summary
AI-generated summary
OMEX Director Jon D. Sawyer Receives Restricted Stock Award
What Happened
- Jon D. Sawyer, a director of Odyssey Marine Exploration, had 9,346 restricted shares recorded as acquired on May 14, 2026. The Form 4 shows an acquisition (code A) at $0.00, reflecting vesting of previously granted restricted stock rather than an open‑market purchase.
Key Details
- Transaction date: 2026-05-14; Filing date (Form 4): 2026-05-18 (appears timely under the two-business-day rule).
- Transaction type/code: Award/Grant (A) — Restricted Stock Awards vesting.
- Shares acquired: 9,346; Acquisition price shown: $0.00 (no cash paid upon vesting).
- Shares owned after transaction: Not specified in the supplied filing.
- Footnote: F1 — Restricted Stock Awards vest on May 14, 2026.
Context
- This was a vesting of restricted stock (compensation/award), not an open‑market buy or sale. Such vesting events are routine compensation actions and do not by themselves indicate the insider is buying or selling shares for investment reasons.