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 the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On April 11, 2024, Donald P. Richmond II, the CTO of Aehr Test Systems, reported a transaction involving common stock.
- 166 shares were withheld to satisfy tax obligations related to the vesting of restricted stock units at a price of $11.83.
- Following the transaction, Richmond directly owns 176,245 shares of Aehr Test Systems, which includes unvested restricted stock units.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing, indicating neutral sentiment. It reflects standard executive compensation practices.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard tax withholding event.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Power of Attorney execution. |
| April 11, 2024 | Date of stock transaction (tax withholding). |
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.