Form 4: 5E Advanced Materials CEO Brennan Seilheimer Reports Stock Transactions
SEC Form 4
CEO Brennan Seilheimer reports the vesting and disposal of restricted stock units (RSUs) to cover tax obligations.
Summary
- On May 3, 2024, Brennan Seilheimer, CEO of 5E Advanced Materials, Inc., reported transactions involving the company's common stock.
- These transactions involved the vesting of 39,308 restricted stock units (RSUs) granted on April 24, 2023, under the company's 2022 Equity Compensation Plan.
- Upon vesting, 39,308 shares were acquired, and 13,672 shares were disposed of at a price of $1.16 to cover tax obligations.
- Following these transactions, Seilheimer directly owns 25,636 shares of common stock and 78,617 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 2023-04-24 | Date the restricted stock units (RSUs) were granted under the Issuer's 2022 Equity Compensation Plan. |
| 2024-05-03 | Date of the reported transactions: vesting of RSUs and disposal of shares to cover tax obligations. |
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