John Lindeen - 11 Aug 2023 Form 4 Insider Report for NORTECH SYSTEMS INC (NSYS)

Role
SR VP - GLOBAL OPERATIONS
Signature
Gioia Gentile, by power of attorney for John Lindeen
Issuer symbol
NSYS
Transactions as of
11 Aug 2023
Transactions value $
$0
Form type
4
Filing time
13 Feb 2024, 16:36:00 UTC
Previous filing
22 Mar 2022
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction NSYS Common Stock Options Award $0 +2,000 $0 2,000 11 Aug 2023 Common Stock 2,000 $9.94 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options shall vest in five cumulative installments, with twenty percent (20%) of the total grant becoming exercisable on the first anniversary of the grant date (the "Vesting Date"), and additional twenty percent (20%) over the next four years on the Vesting Dates.

Remarks:

This Form 4 is being filed late due to inadvertent administrative error. Exhibit 24.1 Power of Attorney