Form 4: American Battery Technology Co Director Elizabeth Ann Lowery Reports Vesting of Restricted Stock Units
SEC Form 4
Director Elizabeth Ann Lowery reports the vesting of 17,182 Restricted Stock Units (RSUs) of American Battery Technology Co, convertible to common stock, on January 13, 2025.
Summary
- On January 13, 2025, Elizabeth Ann Lowery, a director of American Battery Technology Co (ABAT), reported the vesting of 17,182 Restricted Stock Units (RSUs).
- These RSUs, granted under the Director Agreement dated February 22, 2022, as amended on September 22, 2023, convert into shares of ABAT common stock.
- Following this transaction, Lowery indirectly owns 137,045 shares through Lowery and Associates, LLC.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding the vesting of stock options, which is neither particularly positive nor negative.
Positives
- The vesting of RSUs aligns the director's interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to executive compensation and equity ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| February 22, 2022 | Date of the original Director Agreement. |
| September 22, 2023 | Date the Director Agreement was amended. |
| January 13, 2025 | Date of the RSU vesting transaction. |
| January 15, 2025 | Date of the Form 4 filing. |
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