Form 4: AdvanSix Inc. Controller Christopher Gramm Reports Changes in Beneficial Ownership

Christopher Gramm, Controller of AdvanSix Inc., reports acquisition and disposal of common stock and grant of restricted stock units.

Summary

• On February 28, 2024, Christopher Gramm, Controller of AdvanSix Inc., reported changes in beneficial ownership of the company's common stock.
• Gramm acquired 10,445 shares of common stock upon vesting of performance stock units (PSUs) granted on February 24, 2021.
• He also acquired 5,391 restricted stock units (RSUs) which are scheduled to vest in three equal annual installments.
• 4,800 shares were withheld to satisfy tax obligations related to the vesting of the PSUs at a price of $27.36.
• Following these transactions, Gramm beneficially owns 43,463 shares of AdvanSix Inc. common stock.

Sentiment

Score: 6

Explanation: The document reflects standard insider transactions related to stock-based compensation. It's neutral in sentiment as it simply reports facts without indicating positive or negative performance.

Positives

• The vesting of performance stock units and grant of restricted stock units to a company officer can be seen as a positive sign, aligning management's interests with those of shareholders.

Future Outlook

The restricted stock units are scheduled to vest in three equal annual installments on the first three anniversaries of the grant date, indicating continued equity-based compensation for the reporting person.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of stock options and grants of restricted stock units are common compensation practices.

Stakeholder Impact

• The transactions reported may have a minor impact on shareholders by slightly diluting equity.

Key Dates