Hennessy Advisors (HNNA) Director Lydia D. Knight Receives Award

What Happened Lydia D. Knight O'Riordan, a director of Hennessy Advisors, was granted 5,600 shares (reported as an award/acquisition) on 2026-09-18. The units were issued at $0.00 per share (total reported value $0) and represent stock units rather than an open-market purchase or sale. This is a compensation grant (not a sale) and typically reflects board/compensation arrangements rather than an immediate market trade.

Key Details

• Transaction date: 2026-09-18; filing date: 2026-09-22.
• Transaction type: A (Grant/Award/Other acquisition) — 5,600 shares at $0.00; reported value $0.
• Shares owned after transaction: not specified in the provided filing details.
• Footnote: The 5,600 underlying stock units vest 25% per year beginning on September 18, 2027.
• No indication in the filing of a 10b5-1 plan, tax withholding, or that shares were immediately sold.

Context This award is a typical equity compensation grant to an insider and vests over time, so it does not represent an immediate purchase or sale in the market. Vesting over four years (25% per year) means the director will realize ownership of the units gradually beginning in 2027. Such grants are common for board members and are generally intended as long-term alignment with shareholders rather than a near-term trading signal.