Tardugno Michael H 4
Research Summary
AI-generated summary
Imunon (IMNN) Executive Chairman Michael H. Tardugno Receives Award
What Happened
Michael H. Tardugno, Executive Chairman of the Board and a director of Imunon, Inc. (IMNN), was granted 4,603 shares on July 17, 2026 at an attributable price of $1.83 per share, representing $8,423 in total value. This transaction is coded as an award/grant (A) and reflects compensation rather than an open-market purchase.
Key Details
- Transaction date: July 17, 2026; Filing date: July 21, 2026 (Form 4 filed on time).
- Shares granted: 4,603; Price used: $1.83; Total value ≈ $8,423.
- Shares owned after transaction: Not reported in this filing.
- Footnote: Stock was granted in lieu of cash for base salary.
- Transaction type code: A (award/grant) — not a purchase (P) or sale (S).
Context
Grants issued in lieu of cash are a form of compensation and do not necessarily indicate the insider’s buying or selling conviction about the company’s stock. For retail investors, awards like this are informative about executive compensation practices but are less direct signals of insider sentiment than open-market purchases or sales.