Form 4: 5E Advanced Materials Director, David J. Salisbury, Reports Share Unit Conversion and Stock Disposal
SEC Form 4 Filing
Director David J. Salisbury converted Director Share Units (DSUs) into common stock and disposed of shares to cover tax obligations.
Summary
- On June 24, 2024, David J. Salisbury, a director of 5E Advanced Materials, Inc., converted 3,701 Director Share Units (DSUs) into an equal number of common stock shares.
- Following the conversion, Salisbury disposed of 1,370 shares of common stock at a price of $1.28 per share to satisfy tax obligations.
- After these transactions, Salisbury beneficially owns 19,718 shares of common stock directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding insider transactions.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director stock ownership.
- The disposal of shares to cover tax obligations may have a minor impact on the stock's trading volume.
Key Dates
| Date | Description |
|---|---|
| 06/29/2022 | Date Director Share Units (DSUs) were granted pursuant to the Issuer's 2022 Equity Compensation Plan. |
| 06/24/2024 | Date of transaction: conversion of Director Share Units (DSUs) to common stock and disposal of shares for tax obligations. |
| 06/25/2024 | Date of signature on the Form 4 filing. |
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