Form 4: Aethlon Medical Director Forfeits Shares to Cover Tax Withholdings
SEC Form 4
Director Edward G. Broenniman forfeited 1,645 shares of Aethlon Medical common stock to cover tax obligations upon conversion of restricted stock units.
Summary
- On September 30, 2024, Edward G. Broenniman, a director of Aethlon Medical Inc., forfeited 1,645 shares of common stock.
- The forfeiture was to cover tax withholdings related to the conversion of 8,224 vested restricted stock units into common stock.
- Following the transaction, Broenniman directly owns 42,174 shares of Aethlon Medical common stock.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard equity compensation practices. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard process of covering tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares forfeited to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/17/2024 | Date of Form 4 filing reporting the grant of restricted stock units. |
| 09/30/2024 | Date of transaction: forfeiture of shares to cover tax withholdings. |
| 10/01/2024 | Date of signature on the Form 4 filing. |
Keywords
Aethlon Medical, Director, Share Forfeiture, Tax Withholdings, Restricted Stock Units, AEMD, Beneficial Ownership
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