Form 4: American Superconductor CFO Sells Shares to Cover Tax Obligations

John W. Kosiba, Jr., CFO of American Superconductor, sold shares of common stock to cover tax withholding obligations related to vesting restricted stock awards.

Summary

• John W. Kosiba, Jr., the SVP, CFO & Treasurer of American Superconductor Corporation, reported the sale of 11,860 shares of common stock on May 20, 2025.
• The sales were executed at a weighted average price of $24.4966 per share, with individual transactions occurring between $24.13 and $24.89.
• The transaction was made pursuant to a Rule 10b5-1 trading plan adopted on December 11, 2024.
• The sale was to cover tax withholding obligations related to the vesting of restricted stock awards.
• Following the reported transactions, Kosiba directly holds 464,276 shares and indirectly holds 9,719 shares through the company's 401(k) plan as of May 22, 2025.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock sale for tax purposes. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The sale of shares to cover tax obligations is a common practice.

Stakeholder Impact

• The sale of shares by the CFO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale and the pre-arranged trading plan.

Key Dates

Keywords

Form 4, AMSC, American Superconductor, John W. Kosiba Jr., CFO, stock sale, Rule 10b5-1, tax withholding, restricted stock