Form 4: Aehr Test Systems CEO Gayn Erickson Reports Tax-Related Share Withholding
SEC Form 4 Filing
Gayn Erickson, CEO of Aehr Test Systems, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On July 29, 2024, Gayn Erickson, the President and CEO of Aehr Test Systems, reported a transaction involving common stock.
- 563 shares were withheld to satisfy tax obligations upon the vesting of restricted stock units at a price of $18.54 per share.
- Following the transaction, Erickson directly owns 192,672 shares and indirectly owns 288,444 shares through a trust.
- The report also covers Erickson's holdings of derivative securities.
- A power of attorney is in place, authorizing Chris Siu, Adil Engineer, and Vernon Rogers to handle Section 16 filings on Erickson's behalf.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This is a routine filing related to insider transactions and is a standard practice for executives receiving stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of execution for the Power of Attorney. |
| July 29, 2024 | Date of the transaction involving the withholding of shares for tax obligations. |
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