May Kenneth Arthur 4
Research Summary
AI-generated summary
Allient (ALNT) CTO Kenneth May Receives 2,171-Share Award
What Happened
- Kenneth Arthur May, Chief Technology Officer of Allient Inc. (ALNT), was granted a total of 2,171 restricted shares on March 5, 2026 at a grant price of $62.07 per share (total value ≈ $134,754). The award consists of multiple grants recorded on the Form 4: 1,048 shares ($65,049), 838 shares ($52,015) and 285 shares ($17,690). These are grants/awards (code A), not open-market purchases or sales.
Key Details
- Transaction date: March 5, 2026; grant price shown: $62.07 per share.
- Total shares granted: 2,171; total reported value: about $134,754.
- Shares owned after transaction: not provided in the summary data supplied.
- Footnotes on vesting and conditions:
- One grant is time-based restricted stock under the 2017 Omnibus Incentive Plan and vests one-third on each of Apr 1, 2027, 2028 and 2029.
- One grant is performance-based (subject to performance goals for the year ending Dec 31, 2026) and will vest over a three-year period if goals are met.
- One grant was performance-based and already earned for 2025; it vests one-third on Apr 1, 2026, 2027 and 2028.
- Filing timeliness: Form 4 filed Mar 9, 2026 for a Mar 5, 2026 transaction — consistent with the two-business-day filing requirement (timely).
Context
- These awards are restricted stock grants tied to time- and performance-based vesting schedules, commonly used for executive compensation; they do not represent an open-market purchase or sale and do not by themselves indicate the insider’s near-term trading intent.
- Performance-based shares may not vest unless specified goals are met; time-based shares vest according to the schedules above.