Form 4: 5E Advanced Materials Director H. Keith Jennings Reports Stock Transactions
SEC Form 4
Director H. Keith Jennings of 5E Advanced Materials reports the vesting and conversion of Restricted Stock Units (RSUs) into common stock, along with the subsequent disposal of shares to cover tax obligations.
Summary
- On July 1, 2024, H. Keith Jennings, a director of 5E Advanced Materials, exercised vested Restricted Stock Units (RSUs) to acquire common stock.
- The transactions involved RSUs granted on October 12, 2023, December 29, 2023, March 29, 2024 and June 28, 2024, all vesting on July 1, 2024.
- A total of 53,411 RSUs were converted into common stock.
- Following the conversion, Jennings disposed of shares to satisfy tax obligations at a price of $1.30 per share.
- After these transactions, Jennings directly owns 39,939 shares of 5E Advanced Materials common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment. It simply reports facts.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It doesn't necessarily reflect the overall health or prospects of 5E Advanced Materials but offers a glimpse into one director's transactions.
Key Dates
| Date | Description |
|---|---|
| 10/12/2023 | Reporting person was granted RSUs that vest on July 1, 2024 |
| 12/29/2023 | Reporting person was granted RSUs that vest on July 1, 2024 |
| 03/29/2024 | Reporting person was granted RSUs that vest on July 1, 2024 |
| 06/28/2024 | Reporting person was granted RSUs that vest on July 1, 2024 |
| 07/01/2024 | RSUs vested and converted to common stock; shares disposed of to cover tax obligations. |
| 07/02/2024 | Date of signature for the Form 4 filing. |
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