Form 4: Aehr Test Systems Executive VP Reports Tax Withholding Share Transaction
SEC Form 4 Filing
Avijit K. Ray-Chaudhuri, Executive VP of R&D at Aehr Test Systems, reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On October 11, 2024, Avijit K. Ray-Chaudhuri, Executive VP of R&D at Aehr Test Systems, had 272 shares of common stock withheld to satisfy tax obligations.
- The shares were withheld at a price of $16.02 per share.
- Following the transaction, Ray-Chaudhuri beneficially owns 28,405 shares of Aehr Test Systems, including unvested restricted stock units.
- Ray-Chaudhuri has granted power of attorney to Gayn Erickson, Chris Siu, and Vernon Rogers to handle SEC filings related to company securities.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and SEC reporting, indicating a neutral sentiment.
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 direct impact on shareholders as it relates to tax obligations on executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2024-01-04 | Date of execution for Power of Attorney. |
| 2024-10-11 | Date of the transaction involving share withholding for tax obligations. |
| 2024-10-15 | Date of signature for the Form 4 filing. |
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