Northern Technologies (NTIC) Director Sarah Kemp Receives Award

What Happened

• Sarah E. Kemp, a director of Northern Technologies International Corp. (NTIC), was granted 6,188 restricted stock units (reported as an acquisition on 2026-09-01) at $0.00 per share. The grant is reported as an award (transaction code A) and no cash changed hands at the time of the filing.

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (reported within the standard Form 4 filing window).
• Amount: 6,188 RSUs; reported price: $0.00 (common for RSU grants since no purchase occurred).
• Vesting/settlement: These RSUs will vest on September 1, 2027 and will be issued upon settlement, conditioned on Kemp remaining a director through the vesting date (per footnote).
• Shares issuable: The filing notes these 6,188 shares are issuable upon vesting and settlement.
• Shares owned after transaction: Not specified in the provided filing details.
• Transaction code: A = Award/Grant of equity-based award.

Context

• This is a grant of restricted stock units (a derivative award). RSUs represent a promise to issue shares in the future if vesting conditions are met; they are not an immediate open-market purchase or sale and do not necessarily indicate near-term buying or selling intent.
• Such grants are routine for directors as compensation for board service. The key date to watch is the vesting/settlement date (2027-09-01) and any subsequent Form 4 if/when the RSUs settle into issued shares or are sold.