Northern Technologies (NTIC) Director Richard Nigon Receives Award

What Happened

• Richard Nigon, a director of Northern Technologies International Corp. (NTIC), was granted 7,426 restricted stock units (RSUs) on September 1, 2026. The award was reported on a Form 4 filed September 3, 2026. The RSUs were issued at $0.00 (no immediate purchase price or cash exchanged).

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03.
• Transaction type/code: Award/Grant (A).
• Shares/units granted: 7,426 RSUs; price reported: $0.00 (total immediate cash value $0).
• Vesting: These RSUs will vest on September 1, 2027 and will be issued upon settlement, conditioned on the reporting person remaining a director through the vesting date (per Footnote F1).
• Shares owned after transaction: not explicitly stated in the excerpt; Footnote F2 notes that any ownership figure reported includes the 7,426 shares issuable upon vesting.
• Filing timeliness: Form 4 was filed two days after the grant date (appears timely based on standard 2-business-day reporting).

Context

• RSUs are a form of equity compensation that promise shares upon vesting; they do not typically convey immediate cash proceeds or transferable shares until settlement. This is an award, not an open-market purchase or sale, so it should be viewed as compensation/retention-related rather than a direct trading signal.