Form 4: Aehr Test Systems: Officer Adil Engineer Reports Share Withholding for Taxes
SEC Form 4 Filing
Adil Engineer, Chief Operating Officer of Aehr Test Systems, reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On April 11, 2025, Adil Engineer, the Chief Operating Officer of Aehr Test Systems, had 464 common stock shares withheld to satisfy tax obligations related to the vesting of restricted stock units.
- The price per share for the withholding was $8.515.
- Following the transaction, Engineer directly owns 27,628 shares of Aehr Test Systems, which includes unvested restricted stock units.
- A power of attorney is in place, effective June 2, 2023, authorizing Gayn Erickson, Chris Siu, and Vernon Rogers to act on Engineer's behalf for Section 16 filings related to Aehr Test Systems securities.
Sentiment
Score: 7
Explanation: The document reflects standard executive compensation practices and regulatory compliance, indicating a neutral to slightly positive sentiment due to transparency.
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 minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 2023-06-02 | Date of execution for the Power of Attorney. |
| 2025-04-11 | Date of the transaction where shares were withheld for tax obligations. |
Keywords
Form 4, Aehr Test Systems, Adil Engineer, Section 16, Share Withholding, Tax Obligations, Restricted Stock Units, Power of Attorney
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