Hewlett Clyde W 4

What Happened
Clyde W. Hewlett, a director of Ocean Power Technologies, received an award of 151,189 restricted stock units (RSUs) on January 27, 2026. The Form 4 reports the transaction as an award/grant (code A); no purchase price is listed (N/A). Each RSU represents a contingent right to one share of the company’s restricted stock and the units are subject to time-based vesting in 2027.

Key Details

• Transaction date: 2026-01-27 (report filed 2026-01-28) — timely filing.
• Transaction type/code: Grant/Award (A).
• Shares/units granted: 151,189 RSUs. Price: N/A (no cash paid).
• Footnotes: F1 — each RSU converts to one restricted share on vesting; F2 — these RSUs vest on a time schedule in 2027.
• Shares owned after transaction: not specified in the Form 4 filing.

Context
RSU grants are compensation awards, not open‑market purchases or sales, and typically reflect pay or retention incentives rather than an immediate bullish or bearish insider trade. These RSUs will only convert into actual shares if and when the time‑based vesting conditions are met in 2027.