Form 4: Aehr Test Systems VP Alistair N Sporck Reports Tax-Related Share Withholding
SEC Form 4
Alistair N Sporck, VP of Contractor Business Unit at Aehr Test Systems, reports the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On October 11, 2024, Alistair N Sporck, VP of Contractor Business Unit at Aehr Test Systems, had 207 common stock shares withheld at a price of $16.02 to cover tax obligations related to vesting restricted stock units.
- Following the transaction, Sporck directly owns 24,114 shares of common stock and indirectly owns 2,030 shares through a trust.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for company executives.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Power of Attorney executed, authorizing Gayn Erickson, Chris Siu, Adil Engineer and Vernon Rogers to act on behalf of Alistair N Sporck for Section 16 filings. |
| October 11, 2024 | Transaction date: 207 shares of common stock withheld for tax obligations. |
| October 15, 2024 | Date of Form 4 signature. |
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.