PAGLIARA TRACY D 4
4 · Ocean Power Technologies, Inc. · Filed Jan 21, 2025
Insider Transaction Report
Form 4
PAGLIARA TRACY D
Senior VP and General Counsel
Transactions
- Award
Restricted Stock Unit
2025-01-16+819,672→ 819,672 total→ Common Stock (819,672 underlying) - Award
Restricted Stock Unit
2025-01-16+37,500→ 37,500 total→ Common Stock (37,500 underlying)
Footnotes (3)
- [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]Restricted stock units granted by the Board of Directors of the Issuer as an inducement grant pursuant to the NYSE American rules. The restricted stock units will vest 1/2 on the first anniversary of the date of grant and 1/2 on the second anniversary of the date of grant.