4//SEC Filing
Stratmann Philipp 4
Accession 0001493152-25-003034
CIK 0001378140other
Filed
Jan 20, 7:00 PM ET
Accepted
Jan 21, 4:09 PM ET
Size
19.2 KB
Accession
0001493152-25-003034
Insider Transaction Report
Form 4
Stratmann Philipp
DirectorPresident and CEO
Transactions
- Exercise/Conversion
Common Stock
2025-01-16+190,306→ 628,142 total - Exercise/Conversion
Restricted Stock Unit
2025-01-16+73,500→ 73,500 total→ Common Stock (73,500 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-01-16+194,118→ 194,118 total→ Common Stock (194,118 underlying) - Exercise/Conversion
Common Stock
2025-01-16+73,500→ 243,718 total - Exercise/Conversion
Common Stock
2025-01-16+194,118→ 437,836 total - Exercise/Conversion
Common Stock
2025-01-16+169,691→ 797,833 total - Award
Restricted Stock Unit
2025-01-16+1,688,907→ 1,688,907 total→ Common Stock (1,688,907 underlying) - Exercise/Conversion
Restricted Stock Unit
2025-01-16+190,306→ 190,306 total→ Common Stock (190,306 underlying)
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
- [F2]Restricted stock units granted by the Board of Directors of the Issuer as compensation for service as an officer of the Issuer. The restricted stock units will vest in full on the date of the first annual shareholders meeting following the grant date or one year after the grant date, whichever is earlier.
- [F3]On January 14, 2022, the reporting person was granted 73,500 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025.
- [F4]On January 19, 2023, the reporting person was granted 194,118 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025.
- [F5]On February 1, 2024, the reporting person was granted 190,306 restricted stock units, vesting based on achievement of certain performance criteria. Vesting of such criteria was deemed to occur on January 16, 2025.
- [F6]Shares acquired upon the time based vesting of restricted stock unit granted in January 2022, 2023 and 2024.
Documents
Issuer
Ocean Power Technologies, Inc.
CIK 0001378140
Entity typeother
Related Parties
1- filerCIK 0001869065
Filing Metadata
- Form type
- 4
- Filed
- Jan 20, 7:00 PM ET
- Accepted
- Jan 21, 4:09 PM ET
- Size
- 19.2 KB