Form 4: Aehr Test Systems CTO Donald P. Richmond II Reports Stock Transaction
SEC Form 4 Filing
Donald P. Richmond II, CTO of Aehr Test Systems, reports a transaction involving common stock to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 29, 2024, Donald P. Richmond II, the CTO of Aehr Test Systems, engaged in a transaction involving the company's common stock.
- The transaction involved 96 shares of common stock being disposed of to cover tax withholding obligations upon the vesting of restricted stock units.
- The price per share for the transaction was $12.1.
- Following the transaction, Richmond directly owns 175,301 shares of Aehr Test Systems, which includes unvested restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction related to tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution. |
| April 29, 2024 | Date of stock transaction (disposal of shares for tax obligations). |
| April 30, 2024 | Date of signature for the Form 4 filing. |
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