RANCOURT WAYNE M 4
Research Summary
AI-generated summary
Commercial Vehicle Group Director Wayne M. Rancourt Receives Award
What Happened
- Wayne M. Rancourt, a director of Commercial Vehicle Group, Inc. (CVGI), was granted 23,483 shares on 2026-06-02. The Form 4 records the acquisition price as $0.00 (total $0), indicating an award/grant rather than a market purchase.
Key Details
- Transaction date and price: 2026-06-02; acquisition code A (award/grant); price reported $0.00.
- Shares acquired: 23,483 restricted shares.
- Shares owned after transaction: Not reported in the provided filing.
- Vesting/sale restrictions (footnote): Shares vest on the earlier of June 4, 2027 or the 2027 Annual Meeting of Stockholders. Under the plan, the reporting person may not sell awarded shares for at least one year after vesting.
- Filing timeliness: Form filed 2026-06-04 — within the typical two-business-day Form 4 reporting window.
Context
- This was an equity award to a director (compensation-related), not an open-market purchase or sale. The $0 acquisition price on the Form 4 reflects that no cash was paid for the grant; the market value equals CVGI’s share price at grant/vesting times and is not shown on the Form 4. Director awards like this are common for compensation and carry vesting and resale restrictions noted above.