Form 4: Accelerate Diagnostics Director Jennifer Regan Reports Stock Unit Vesting
SEC Form 4
Director Jennifer Regan reports vesting of restricted stock units in Accelerate Diagnostics, Inc.
Summary
- On May 29, 2024, Jennifer Regan, a director of Accelerate Diagnostics, Inc., had 7,894 and 4,737 Restricted Stock Units (RSUs) vest.
- These RSUs converted into common stock.
- The director now directly owns 12,631 shares of common stock.
- The vesting of 7,894 RSUs was from a grant on May 29, 2023, which vested on the first anniversary.
- The vesting of 4,737 RSUs was from a grant on May 29, 2023, which vests in five equal annual installments beginning May 29, 2024.
- Following the reported transactions, Regan beneficially owns 18,947 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting routine compensation practices. It doesn't inherently signal positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to stock-based compensation for a company director, which is a common practice in publicly traded companies to align management's interests with those of shareholders.
Stakeholder Impact
- The vesting of stock units could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| May 29, 2023 | Reporting person was granted a total of 7,894 RSUs, which vested on the first-year anniversary of the grant date. |
| May 29, 2023 | Reporting person was granted a total of 23,684 RSUs, which vest in five equal annual installments beginning on May 29, 2024. |
| July 11, 2023 | The issuer effected a reverse stock split of its common stock at a ratio of 1-for-10. |
| May 29, 2024 | Vesting of 7,894 RSUs and 4,737 RSUs. |
| May 30, 2024 | Date of signature for the Form 4 filing. |
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