PAGLIARA TRACY D 4

What Happened

• Tracy D. Pagliara, Senior Vice President and General Counsel of Ocean Power Technologies (OPTT), received a grant of 414,578 restricted stock units (RSUs) on January 27, 2026.
• The filing lists the award amount but no per‑share price or cash value (reported as N/A) because these are compensation RSUs rather than an open‑market transaction.
• These RSUs are a contingent right to receive one share of the company’s restricted stock upon vesting and are typically part of executive compensation/retention programs (not an immediate purchase or sale).

Key Details

• Transaction date: 2026-01-27; filing date: 2026-01-28 (timely filing). Transaction code: A (award/grant).
• Shares/units granted: 414,578 RSUs; per-share price: N/A (compensation grant).
• Shares owned after transaction: not specified in the information provided in this summary.
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — RSUs vest on a time-based schedule in 2027, 2028 and 2029.
• No indication of a 10b5-1 plan, tax withholding sale, or immediate sale of shares in this filing.

Context

• RSU grants are common executive compensation and generally indicate company retention/compensation rather than immediate confidence revealed by open‑market purchases. The RSUs will convert to actual shares only as they vest according to the stated schedule.