Benny Purushotam Patel 4
Research Summary
AI-generated summary
Lincoln Electric (LECO) Director Benny Patel Receives Award
What Happened
Benny Purushotam Patel, a director of Lincoln Electric Holdings, was awarded 688 shares pursuant to a restricted stock unit (RSU) grant. The Form 4 reports the acquisition on 2026-04-17 at an acquisition price of $0.00 (total reported $0) under the grant.
Key Details
- Transaction date: 2026-04-17; reported on Form 4 filed 2026-04-20.
- Transaction type: Award/Grant (code A) — 688 shares acquired at $0.00 each.
- Footnote: F1 — "Pursuant to restricted stock unit award."
- Shares owned after the transaction: not specified in the filing.
- Filing timeliness: Form lists the report filing date; the filing does not indicate a late-report flag.
Context
RSU grants are a form of compensation that convert to company shares upon vesting; the $0 acquisition price reflects that these were awarded, not purchased. Awards are routine for executives and directors and do not, by themselves, indicate buying/selling market sentiment or immediate market activity (no sale or cashless exercise reported).