Hennessy Advisors (HNNA) Director Kiera Newton Receives 5,600-Share Award

What Happened

• Kiera Newton, a director of Hennessy Advisors, was granted an award of 5,600 shares/stock units on September 18, 2026. The units were recorded at an acquisition price of $0.00 (a grant), representing a compensation award rather than an open-market purchase.

Key Details

• Transaction date: 2026-09-18; filing date (Form 4): 2026-09-22 (filed within the required reporting window).
• Transaction type/code: A — Grant/Award (acquisition).
• Shares granted: 5,600 stock units; acquisition price: $0.00 (no cash paid).
• Vesting: Includes 5,600 underlying stock units that vest 25% per year beginning September 18, 2027 (per filing footnote).
• Shares owned after transaction: Not disclosed in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or sale activity noted in this filing.

Context

• This was a compensation grant (award) and not a purchase or sale; such awards are common for directors and reflect compensation rather than a direct market sentiment signal. The units will vest over multiple years, so the economic benefit to the insider is realized gradually as vesting occurs.