Montesi Corliss J. 4
4 · Ocean Power Technologies, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Ocean Power (OPTT) Director Corliss J. Montesi Receives 151,189 RSUs
What Happened Corliss J. Montesi, a director of Ocean Power Technologies, was granted 151,189 restricted stock units (RSUs) on January 27, 2026. The Form 4 reports the award (code A) with no price per share (N/A) because this is a grant of units rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-27; Form 4 filed 2026-01-28 (appears timely).
- Grant: 151,189 restricted stock units (RSUs); price shown as N/A (award/grant).
- Footnotes:
- F1: Each RSU represents a contingent right to receive one share of the issuer's restricted stock.
- F2: These RSUs are time‑based and subject to vesting in 2027.
- Shares owned after transaction: not specified in the filing.
Context RSU grants are a form of compensation, not an immediate purchase or sale. They convert to actual shares only if vesting conditions are met (here, time-based vesting in 2027). Such awards are common for directors and do not by themselves signal a buy or sell intent.
Insider Transaction Report
Form 4
Montesi Corliss J.
Director
Transactions
- Award
Common Stock
[F2][F1]2026-01-27+151,189→ 151,189 total
Footnotes (2)
- [F1]Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
- [F2]Represents shares underlying restricted stock units subject to time-based vesting in 2027.
Signature
/s/ Corliss J. Montesi|2026-01-28