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Ocean Power Technologies, Inc.·4

Jan 28, 4:09 PM ET

Montesi Corliss J. 4

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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.