CLOUGH WILLIAM J 4
4 · Orbital Infrastructure Group, Inc. · Filed Oct 17, 2022
Insider Transaction Report
Form 4
CLOUGH WILLIAM J
DirectorCEO/President
Transactions
- Award
Common Stock
2022-09-15+133,738→ 732,085 total - Award
Restricted Stock Units
2022-09-15+637,500→ 1,035,010 total→ Common Stock (637,500 underlying)
Footnotes (4)
- [F1]Shares issued as a retention bonus at current market rate of $0.63
- [F2]RSUs vest in four equal tranches of 212,500 shares on 9/15/22, 9/15/23, 9/15/24 and 9/15/25 on a one for one basis at the market rate of the underlying common stock on the vesting date.
- [F3]RSUs automatically convert to common stock on the vesting date of the RSU.
- [F4]Price of RSU corresponds to the market price of the common stock, which was $0.63 per share on 9/15/22.