Edward B Cloues, a director of AMREP Corporation, just received 3,512 restricted shares from the company. The restricted shares don't become available to Cloues until such time as they become vested. Cloues now owns at least 15,923 restricted shares of the company.
Some additional info was provided as follows:
These deferred stock units vest immediately upon grant. Each deferred stock unit represents the right to receive one share of the Issuer's common stock, which will be distributed within 30 days after the first day of the month to follow the grantee's termination of service as a director of the Issuer.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
To receive a free e-mail notification whenever AMREP Corporation makes a similar move, sign up!
Other recent filings from the company include the following:
AMREP Corporation director just picked up 1,000 shares - Sept. 27, 2021