Yon Seth D 4
Research Summary
AI-generated summary
Sanara MedTech (SMTI) CEO Yon Seth D Receives Restricted Stock Award
What Happened
- Yon Seth D, Chief Executive Officer of Sanara MedTech, was granted 25,430 restricted shares on 2026-03-22. The award was recorded at $0 per share (total reported value $0) as a compensation grant rather than an open-market purchase or sale. The shares are subject to a time-based vesting schedule.
Key Details
- Transaction date: 2026-03-22; Form filed: 2026-03-23 (timely filing).
- Transaction type/code: Award/Grant (A).
- Shares granted: 25,430; price per share: $0; total dollar value reported: $0.
- Vesting: Shares vest in three equal installments — one-third on March 22 of 2027, 2028 and 2029 — contingent on continued employment (see footnote F1).
- Shares owned after transaction: Not specified in the provided filing.
- Footnote: Grant made under Sanara MedTech Inc. 2024 Omnibus Long-Term Incentive Plan; vesting conditioned on employment through each vest date.
Context
- Restricted stock grants are compensation/retention awards that vest over time; they are not the same as open-market purchases and do not by themselves indicate a near-term buy/sell signal. Vesting conditions mean the shares generally cannot be sold until they vest (or unless specific plan provisions apply).