Forgent Power (FPS) CEO Gary Niederpruem Receives Awards
$FPS · Forgent Power Solutions, Inc.Research Summary
AI-generated summary of this SEC filing
Forgent Power (FPS) CEO Gary Niederpruem Receives Awards
What Happened Gary John Niederpruem, CEO of Forgent Power Solutions, was granted two compensation awards on 2026-09-01: 88,029 restricted stock units (RSUs) and a derivative award of 214,335 non‑qualified stock options. Both grants are reported at $0.00 per share in the Form 4; no cash was paid. These are awards (compensation) rather than open‑market purchases or sales.
Key Details
- Transaction date: 2026-09-01; Filing date (Accession): 2026-09-03.
- Reported price: $0.00 for both the RSUs and the option grant.
- Total instruments granted: 88,029 RSUs + 214,335 options (302,364 total units awarded).
- Shares owned after the transaction: Not specified in the provided filing data.
- Footnotes:
- F1: RSUs vest in three equal annual installments starting on the first anniversary of the grant, subject to continued service.
- F2: Non‑qualified stock options vest in three equal annual installments starting on the first anniversary of the grant, subject to continued service.
- Timeliness: Filing dated Sept 3 for a Sept 1 transaction — no late filing flag indicated in the provided data.
Context These awards are part of executive compensation and will vest over time; RSUs convert to shares at vesting and the options vest per the stated schedule. Because these are grants (not purchases or sales), they reflect compensation arrangements rather than a direct personal buy/sell decision by the CEO. For retail investors, purchases by insiders often receive more attention as potential bullish signals; grants mainly reflect company pay practices and retention incentives.