Hewlett Clyde W 4
4 · Ocean Power Technologies, Inc. · Filed Jan 21, 2026
Research Summary
AI-generated summary of this filing
Ocean Power (OPTT) Director Clyde W. Hewlett Receives 558,080-Share Award
What Happened
Clyde W. Hewlett, a director of Ocean Power Technologies, received 558,080 shares on January 16, 2026 as the result of vested restricted stock units (RSUs). The filing lists the transaction as an award/acquisition (code A) with no cash price reported (N/A), meaning the shares were granted/converted on vesting rather than purchased on the open market.
Key Details
- Transaction date: 2026-01-16 (vested RSUs).
- Filing date: 2026-01-21 (filed one business day late under SEC Form 4 timing rules).
- Shares acquired: 558,080 common shares via vesting of RSUs. Price: N/A (award/vesting, not a purchase).
- Footnotes: F1 — each RSU equals a contingent right to one share; F2 — these shares vested from RSUs granted in January 2025.
- Shares owned after transaction: not specified in the Form 4 filing.
- No tax-withholding or sale to cover taxes was reported in the filing.
Context
RSU vesting is compensation converting previously granted units into shares; it's not a market purchase (not necessarily a bullish signal) nor a sale. For retail investors, these awards are common for executives and directors as part of pay packages. The late filing delays public disclosure by one business day, which is a procedural compliance matter to note.
Insider Transaction Report
- Award
Common Stock
[F2][F1]2026-01-16+558,080→ 981,886 total
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
- [F2]Shares acquired upon the vesting of a restricted stock unit granted in January 2025.