Martell Jorge Garcia 4
Research Summary
AI-generated summary
OneSpan (OSPN) CFO Martell Jorge Garcia Receives RSU Award
What Happened
- Martell Jorge Garcia, Chief Financial Officer of OneSpan Inc. (OSPN), received a grant of 27,041 restricted stock units (RSUs) on March 30, 2026. The grant is reported as an award/other acquisition (code A) of a derivative security; no cash was paid (price reported $0.00).
Key Details
- Transaction date: 2026-03-30; Filing date: 2026-04-01 (no late filing indicated).
- Amount granted: 27,041 restricted stock units (each unit convertible into one share of OSPN common stock per footnote).
- Reported price: $0.00 (award — no purchase price).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes:
- F1: Each RSU represents a contingent right to receive one share of OSPN common stock.
- F2: Vesting schedule — vests over three years beginning March 30, 2026: one‑third vests on March 30, 2027, then one‑sixth vests every six months thereafter.
- Transaction type: Derivative award (RSUs), not an open‑market purchase or sale.
Context
- RSU awards are common compensation/retention tools for executives and do not indicate an immediate market purchase or sale. The award creates potential future share delivery if vesting conditions are met; its eventual value depends on OSPN’s share price at vesting.