Form 4: Air Industries Group CFO Scott Glassman Reports Acquisition of Restricted Stock Units
SEC Form 4 Filing
Scott Glassman, CFO of Air Industries Group, reports the acquisition of restricted stock units and adjustments to existing stock options.
Summary
- On August 26, 2024, Scott Glassman, the CFO of Air Industries Group, filed a Form 4.
- The filing reports the acquisition of 61,281 restricted stock units, each representing the right to receive one share of common stock.
- These restricted stock units vest in three equal installments of 20,427 shares on April 1, 2025, April 1, 2026, and April 1, 2027, contingent upon continued service.
- The filing also details Mr. Glassman's holdings of various stock options with different exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it is a standard regulatory filing detailing stock ownership changes. The grant of RSUs is generally a positive sign, but it's a routine event.
Positives
- The grant of restricted stock units to the CFO aligns his interests with those of the shareholders, incentivizing him to improve the company's performance.
- The vesting schedule encourages long-term commitment from the CFO.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The grant of restricted stock units aligns the CFO's interests with those of shareholders, potentially leading to decisions that benefit the company's long-term value.
Key Dates
| Date | Description |
|---|---|
| 06/02/2023 | Vesting of 1,667 shares from stock options. |
| 03/31/2025 | Expiration date for stock options with an exercise price of $10.3. |
| 04/01/2025 | Vesting date for 20,427 restricted stock units. |
| 05/31/2024 | Vesting of 1,667 shares from stock options. |
| 05/31/2025 | Vesting of 1,666 shares from stock options. |
| 03/31/2026 | Expiration date for stock options with an exercise price of $13.9. |
| 04/01/2026 | Vesting date for 20,427 restricted stock units. |
| 07/31/2026 | Expiration date for stock options with an exercise price of $12.2. |
| 03/31/2027 | Expiration date for stock options with an exercise price of $8.4. |
| 04/01/2027 | Vesting date for 20,427 restricted stock units. |
| 05/31/2028 | Expiration date for stock options with an exercise price of $3.5. |
| 06/30/2028 | Expiration date for stock options with an exercise price of $3.43. |
| 08/26/2024 | Date of transaction: acquisition of restricted stock units. |
| 08/27/2024 | Date of signature for the Form 4 filing. |
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