Form 4: Aehr Test Systems COO Adil Engineer Reports Tax Withholding Transaction
SEC Form 4 Filing
Aehr Test Systems' Chief Operating Officer, Adil Engineer, reports a transaction involving the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On July 29, 2024, Adil Engineer, the Chief Operating Officer of Aehr Test Systems, reported a transaction on Form 4.
- The transaction involved the withholding of 142 shares of common stock at a price of $18.54 to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Engineer beneficially owns 26,270 shares of Aehr Test Systems, which includes shares subject to unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations, so the sentiment is neutral.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it relates to tax obligations on existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution. |
| July 29, 2024 | Date of stock transaction (tax withholding). |
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