4//SEC Filing
FORD DANIEL NED 4
Accession 0001437749-21-009824
CIK 0001108967other
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 5:13 PM ET
Size
5.7 KB
Accession
0001437749-21-009824
Insider Transaction Report
Form 4
Transactions
- Award
SAR - Cash settled
2021-04-23+745,000→ 745,000 totalExercise: $2.89From: 2022-04-23Exp: 2024-04-23→ Common Stock (745,000 underlying)
Footnotes (1)
- [F1]The reporting person received the cash settled only stock appreciation rights ("SARs") as a one-time award for bonus compensation. The SARs are payable in cash as to one-third (1/3) of the SARs at each of the first, second and third annual anniversary dates each equal to the excess of (a) the Fair Market Value of a share of common stock on the applicable payment date, over (b) the $2.89 exercise price. For the purposes hereof, the term "Fair Market Value" shall mean the weighted average closing price for the five (5) trading days immediately preceding the payment date as reported on Nasdaq.com. The SARs are only payable in cash and the reporting person did not receive any common shares.
Documents
Issuer
Orbital Energy Group, Inc.
CIK 0001108967
Entity typeother
Related Parties
1- filerCIK 0001438580
Filing Metadata
- Form type
- 4
- Filed
- Apr 25, 8:00 PM ET
- Accepted
- Apr 26, 5:13 PM ET
- Size
- 5.7 KB