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SEC Form 4UNITED STATES SECURITIES AND EXCHANGE COMMISSIONER 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).OMB Number: hours

How to fill out grant of restricted stock

How to fill out grant of restricted stock

1. Start by reviewing the terms and conditions of the grant of restricted stock. Understand the vesting period, the number of shares granted, and any restrictions on selling or transferring the stock.
2. Fill out the necessary grant agreement form provided by the company or legal advisor. Provide accurate personal information, such as your name, address, and social security number.
3. Specify the details of the grant, including the number of shares being granted and the vesting schedule. Indicate any performance-based or time-based conditions for vesting.
4. Acknowledge any restrictions or limitations on the stock, such as lock-up periods or restrictions on selling until certain milestones are met.
5. Sign and date the grant agreement, making sure to affix your signature in the designated area.
6. Submit the completed grant agreement to the company or legal advisor for review and approval.
7. Keep a copy of the grant agreement for your records and communicate with the company or legal advisor regarding any further steps or requirements.
8. Follow any additional instructions or procedures provided by the company or legal advisor to finalize the grant of restricted stock.
9. Once the grant has been approved and finalized, comply with all relevant tax and legal obligations associated with the ownership and potential sale of the restricted stock.

Who needs grant of restricted stock?

1. Grant of restricted stock is typically needed by companies or organizations that want to provide their employees or key stakeholders with a form of ownership in the company.
2. Executives, top-performing employees, and board members often receive grants of restricted stock as part of their compensation package.
3. Startups and emerging companies may use restricted stock grants as a way to attract and retain talented individuals and align their interests with the company's growth and success.
4. Restricted stock grants can also be issued to investors or partners as a means of incentivizing their continued support and commitment to the company's long-term goals.
5. Overall, anyone who wants to share ownership or align the interests of stakeholders with the company's performance can benefit from the use of grant of restricted stock.

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