Stratmann Philipp 4

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.