Form 4: Amesite Inc. Director George Parmer Receives Deferred Stock Units in Lieu of Cash Compensation

Director George Parmer received 2,526 restricted stock units (RSUs) from Amesite Inc. in lieu of cash compensation for board service.

Summary

• On December 31, 2024, George Parmer, a director of Amesite Inc., received 2,526 restricted stock units (RSUs) as deferred stock units in lieu of cash compensation for his services as a director.
• These RSUs represent a contingent right to receive one share of AMST common stock or the cash equivalent of such share.
• The number of deferred stock units was calculated based on the closing share price on the last day of the quarter.
• The deferred stock units or cash equivalent will be issued to Parmer upon completion of his service as a board member or, if earlier, a change in control.
• Following this transaction, Parmer beneficially owns 41,662 shares of Amesite Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive as it suggests a commitment from the director.

Positives

• The issuance of RSUs aligns director compensation with the company's stock performance.
• Deferred stock units incentivize continued service on the board of directors.

Risks

• The value of the RSUs is subject to the volatility of Amesite Inc.'s stock price.
• The actual value received upon vesting depends on the stock price at the time of distribution.

Future Outlook

The deferred stock units or cash equivalent will be issued to the reporting person upon completion of service as a member of the board of directors or, if earlier, a change in control.

Industry Context

Granting stock-based compensation to directors is a common practice to align their interests with those of shareholders and incentivize long-term value creation. The specific terms and conditions of the RSU grant are typical for director compensation packages.

Comparison to Industry Standards

• Many companies, including those in the technology and education sectors, use restricted stock units (RSUs) as part of their director compensation packages.
• Companies like Coursera and Instructure also utilize equity-based compensation to align director interests with shareholder value.
• The vesting schedules and terms of these grants often vary, but the underlying principle of incentivizing long-term performance remains consistent.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it aligns director interests with long-term company performance.
• Employees may see this as a sign of stability and commitment from the board of directors.

Key Dates

Keywords

Amesite Inc., AMST, George Parmer, Director, Restricted Stock Units, RSU, Deferred Stock Units, Compensation, Beneficial Ownership, SEC Form 4