Stratmann Philipp 4
4 · Ocean Power Technologies, Inc. · Filed Jan 28, 2026
Research Summary
AI-generated summary of this filing
Ocean Power (OPTT) CEO Philipp Stratmann Receives 805,944-Share Award
What Happened Philipp Stratmann, President, CEO and a director of Ocean Power Technologies, was granted 805,944 restricted stock units (RSUs) on January 27, 2026. The filing reports an award/acquisition (code A); no grant price or total dollar value is disclosed in the Form 4. These RSUs are contingent rights that will convert to shares if and when they vest.
Key Details
- Transaction date: 2026-01-27; Form 4 filed: 2026-01-28 (timely filing).
- Award: 805,944 restricted stock units (RSUs); no per-share price or aggregate value shown.
- Vesting: RSUs are time-based and subject to vesting in 2027, 2028 and 2029 (per footnote).
- Each RSU represents a contingent right to receive one share upon vesting.
- Shares owned after the transaction are not disclosed in this filing.
Context
- This was a grant of RSUs (an award), not a market purchase or sale — such awards are common for executive compensation and do not by themselves signal buying or selling of stock.
- RSUs become actual shares only if vesting conditions are met; until then they are contingent and generally cannot be sold.
Insider Transaction Report
Form 4
Stratmann Philipp
DirectorPresident and CEO
Transactions
- Award
Common Stock
[F1][F2]2026-01-27+805,944→ 2,240,539 total
Footnotes (2)
- [F1]Represents shares underlying restricted stock units subject to time-based vesting in 2027, 2028 and 2029.
- [F2]Each restricted stock unit represents a contingent right to receive one share of the Issuer's restricted stock.
Signature
/s/ Philipp Stratmann|2026-01-28