Correll Todd A. 4
Research Summary
AI-generated summary
Data Storage (DTST) Director Correll Todd Receives 10,000 RSU Award
What Happened
Correll Todd A., a director of Data Storage Corp (DTST), received a grant of 10,000 restricted stock units (RSUs) on January 29, 2026. The RSUs were reported as a derivative award at a grant price of $0.00 (no cash purchase); the grant represents an award of shares that will convert into common stock on a one-for-one basis when vested. This is a compensation grant (award), not an open-market purchase or sale.
Key Details
- Transaction date: 2026-01-29 (reported on Form 4 filed 2026-02-02). Filing appears timely (within two business days).
- Transaction type/code: A — Award/Grant of derivative securities (RSUs).
- Shares/units granted: 10,000 RSUs at $0.00 (no immediate cash value recorded on the Form 4).
- Vesting: RSUs vest in full on the date of the Issuer's 2026 Annual Meeting of Stockholders, subject to continued service (see footnote).
- Conversion: RSUs convert one-for-one into common shares upon vesting (footnote).
- Shares owned after transaction: Not specified in the filing.
- Footnotes: F1 = RSUs convert one-for-one to common stock. F2 = The grant vests in full at the 2026 annual meeting if the director remains in service.
Context
RSU grants to directors are a common form of equity compensation intended to align interests with shareholders; they do not represent an immediate purchase or sale of stock and are subject to vesting conditions. Because these units convert to shares only upon vesting, they do not increase the director's current voting power or freely tradable shares until vested and issued.