Brocopp Timothy 4
Research Summary
AI-generated summary
MDWerks (MDWK) Director Timothy Brocopp Receives 46,546-Share Award
What Happened
Timothy Brocopp, a director of MDWerks, received an award of 46,546 shares of common stock on May 15, 2026. The shares were issued at $0.13 per share, representing a total value of $6,051. This was an equity grant (award), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-05-15 — Transaction type: Award/Grant (code A)
- Shares: 46,546 at $0.13 per share — Total value: $6,051 (acquired)
- Filing date: 2026-05-29 (filed 14 days after the transaction; outside the typical two-business-day Form 4 window)
- Shares owned after transaction: Not specified in the filing
- Footnote: Grant issued quarterly under Brocopp’s Employment Agreement (Nov 18, 2024) and the MDWerks, Inc. 2025 Equity Incentive Plan; approved by the board and issued in accordance with Rule 16b-3.
Context
This is a routine equity compensation grant to a director as part of an employment/compensation arrangement. Awards are compensation events and do not necessarily signal buying or selling intent by the insider. The late filing is a reporting/timeliness note investors may want to monitor but does not change the nature of the award.