Form 4: Aehr Test Systems Executive Adil Engineer Reports Stock Transaction
SEC Form 4 Filing
Chief Operating Officer Adil Engineer of Aehr Test Systems reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On October 27, 2024, Adil Engineer, the Chief Operating Officer of Aehr Test Systems, reported a transaction involving common stock.
- 141 shares were disposed of to satisfy tax withholding obligations at a price of $15.84 per share.
- Following the transaction, Engineer directly owns 26,273 shares, which includes unvested restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions for tax purposes.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Power of Attorney executed, appointing Gayn Erickson, Chris Siu, and Vernon Rogers as attorneys-in-fact. |
| October 27, 2024 | Transaction date: Adil Engineer disposed of shares to cover tax obligations. |
| October 29, 2024 | Date of signature for the report by Chris Siu, Attorney-in-Fact. |
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