Lamb Jason D 4
Research Summary
AI-generated summary
LGL Group (LGL) CEO Jason Lamb Receives 100,000-Share Award
What Happened
Jason Lamb, CEO of LGL Group Inc. (LGL), received two awards on January 16, 2026 totaling 100,000 shares: a 50,000 restricted-share grant and a 50,000 derivative award. Both grants show an acquisition price of $0.00 (no cash paid at grant), so the reported transaction value is $0 at grant.
Key Details
- Transaction date: January 16, 2026; Form 4 filed January 23, 2026 (appears later than the typical two-business-day filing requirement).
- Awards reported: 50,000 restricted shares (Grant A) and 50,000 derivative shares (Grant A, derivative). Reported price: $0.00; reported value at grant: $0.
- Vesting/terms: Footnote F1 — of the restricted shares, 16,666 shares vest immediately, 16,666 on Jan 16, 2027, and 16,668 on Jan 16, 2028. Footnote F2 — the derivative awards reported are fully vested as of the grant date.
- Shares owned after transaction: Not specified in the filing.
Context
This filing documents equity awards rather than a purchase or sale. Restricted-share grants typically vest over time (here partially immediate, then annually), while the derivative award noted as fully vested could be exercisable or otherwise convertible per company plan terms. Awards at $0 reflect grant of equity units, not an open-market purchase or sale, and do not by themselves indicate an insider buying or selling in the market.