Item 5. Other Information.
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Item 5. Other Information.
During the quarter ending June 30, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Securities Exchange Act of 1934) adopted, terminated or modified a Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement (as such terms are defined in Item 408 of Regulation S-K).
Appointment of Officers
In connection with Kenneth W. Grubb’s previously announced appointment as our Vice President and Chief Operating officer to be effective September 4, 2026, the Compensation Committee of our Board of Directors on July 21, 2026 approved a grant to Mr. Grubb of 61,767 restricted stock units issued pursuant to our 2021 Amended and Restated Stock Incentive Plan.
The restricted stock units will vest in full on July 31, 2029, provided Mr. Grubb is employed by us through such date and applicable performance goals have been met.
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