Form 4: Aehr Test Systems CTO Donald P. Richmond II Reports Stock Transaction
SEC Form 4
Donald P. Richmond II, CTO of Aehr Test Systems, reports the withholding of 102 common stock shares to cover tax obligations upon vesting of restricted stock units on July 29, 2024.
Summary
- On July 29, 2024, Donald P. Richmond II, the CTO of Aehr Test Systems, reported a transaction involving the company's common stock.
- A total of 102 shares were withheld to satisfy tax obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $18.54.
- Following the transaction, Richmond directly owns 186,328 shares of Aehr Test Systems, which includes unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to tax obligations. It doesn't indicate any significant positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations. It's a common practice for companies to withhold shares to cover taxes upon the vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution, authorizing Gayn Erickson, Chris Siu, Adil Engineer and Vernon Rogers to act on behalf of Donald P. Richmond II for Section 16 filings. |
| July 29, 2024 | Date of the reported transaction where 102 shares were withheld for tax obligations. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.