Form 4: American Battery Technology Co. Director Elizabeth Ann Lowery Reports Acquisition of Shares Through RSU Vesting

Sentiment:

SEC Form 4


Director Elizabeth Ann Lowery reports acquiring 18,857 shares of American Battery Technology Co. through the vesting of Restricted Stock Units.

Summary

  • On April 8, 2024, Elizabeth Ann Lowery, a director of American Battery Technology Co. (ABAT), acquired 18,857 shares of common stock.
  • The acquisition was a result of the vesting of Restricted Stock Units (RSUs) granted under the terms of her Director Agreement.
  • The RSUs were granted under the Director Agreement dated February 22, 2022, as amended on September 22, 2023.
  • Each RSU represents the right to receive one share of American Battery Technology Company common stock upon vesting.
  • Following the transaction, Lowery indirectly owns 49,151 shares through Lowery and Associates, LLC.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects the standard vesting of director compensation, indicating continued alignment of interests.

Positives

  • The vesting of RSUs indicates continued alignment of the director's interests with the company's performance.

Industry Context

This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings of company insiders.

Stakeholder Impact

  • The transaction has a minor positive impact on stakeholders as it aligns the director's interests with those of the shareholders.

Key Dates

DateDescription
February 22, 2022Date of the original Director Agreement.
September 22, 2023Date the Director Agreement was amended.
April 08, 2024Date of the transaction (RSU vesting).
April 10, 2024Date of the signature on the Form 4.

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