Northern Technologies (NTIC) Director Receives 6,188-Share RSU Award

What Happened

• Lee Sunggyu, a director of Northern Technologies International Corp. (NTIC), was granted 6,188 restricted stock units (RSUs) on 2026-09-01. The award was recorded at $0.00 per share (total $0) and was reported on a Form 4 filed 2026-09-03. This is an equity award (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (filed within typical 2-business-day window).
• Shares/grant: 6,188 RSUs @ $0.00 (total reported value $0).
• Vesting/conditions: These RSUs vest on September 1, 2027 and will be issued upon settlement of the award under the Northern Technologies International Corporation 2024 Stock Incentive Plan, conditioned on the reporting person remaining a director through the vesting date (Footnote F1).
• Ownership note: The filing indicates these 6,188 shares are issuable upon vesting and included in the reporting of shares issuable upon settlement (Footnote F2). The filing did not report any immediate cash proceeds or sales.
• Transaction code: A (award/grant).

Context

• RSUs are a promise to issue shares in the future subject to vesting; they carry no immediate cash value and do not represent a market purchase or sale. This type of grant is a routine form of director compensation and should be viewed as a potential future increase in share count if vested and settled; it does not by itself indicate buying or selling sentiment.