Form 4: Air Industries Group CFO Scott Glassman Reports Stock Transactions
SEC Form 4 Filing
Scott Glassman, CFO of Air Industries Group, reports the vesting of restricted stock units and subsequent tax withholding, resulting in changes to his beneficial ownership of company stock.
Summary
- On April 25, 2025, Scott Glassman, the CFO of Air Industries Group, reported transactions involving the company's common stock and restricted stock units.
- 20,427 restricted stock units vested, each representing the right to receive one share of common stock.
- Air Industries Group withheld 8,447 shares to satisfy tax withholding requirements related to the vesting of the restricted stock units at a price of $3.34 per share.
- Following these transactions, Glassman directly owns 11,982 shares of common stock.
- Glassman also holds various stock options with different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the CFO's holdings.
- Employees may be impacted by the vesting schedule of the restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 08/26/2024 | Date the restricted stock units were granted. |
| 03/31/2026 | Expiration date for stock options of 2,250 shares at $13.90. |
| 07/31/2026 | Expiration date for stock options of 2,000 shares at $12.20. |
| 03/31/2027 | Expiration date for stock options of 3,000 shares at $8.40. |
| 06/30/2028 | Expiration date for stock options of 4,100 shares at $3.43. |
| 05/31/2028 | Expiration date for stock options of 5,000 shares at $3.50. |
| 04/01/2025 | 20,427 restricted stock units vested. |
| 04/25/2025 | Date of the reported transactions. |
| 04/28/2025 | Date of signature. |
Keywords
Form 4, AIRI, Air Industries Group, Scott Glassman, CFO, Stock Options, Restricted Stock Units, Beneficial Ownership, Tax Withholding
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