4//SEC Filing
White Paul Dwayne 4
Accession 0001437749-21-009825
CIK 0001108967other
Filed
Apr 25, 8:00 PM ET
Accepted
Apr 26, 5:13 PM ET
Size
5.7 KB
Accession
0001437749-21-009825
Insider Transaction Report
Form 4
White Paul Dwayne
Director
Transactions
- Award
SAR - Cash settled
2021-04-23+290,084→ 290,084 totalExercise: $2.89From: 2022-04-23Exp: 2024-04-23→ Common Stock (290,084 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 0001614797
Filing Metadata
- Form type
- 4
- Filed
- Apr 25, 8:00 PM ET
- Accepted
- Apr 26, 5:13 PM ET
- Size
- 5.7 KB