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

Director George Parmer received 5,381 restricted stock units (RSUs) from Amesite Inc. in lieu of cash compensation for board service.

Summary

• On March 28, 2024, George Parmer, a director of Amesite Inc. (AMST), acquired 5,381 restricted stock units (RSUs).
• These RSUs were issued as deferred stock units in lieu of cash compensation for services as a director.
• The number of deferred stock units was calculated based on the closing share price on the last day of the quarter.
• Each RSU represents a contingent right to receive one share of AMST common stock or the cash equivalent.
• The deferred stock units or cash equivalent will be issued upon completion of service as a board member or a change in control.
• Following the transaction, Parmer directly owns 30,238 shares of Amesite Inc.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction of director compensation in the form of stock units, which is generally viewed neutrally to positively as it aligns interests. There are no indications of negative sentiment.

Positives

• The issuance of RSUs aligns the director's interests with those of the shareholders.
• The director continues to hold a significant number of shares in the company.

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

The granting of stock-based compensation to directors is a common practice in publicly traded companies to align their interests with those of shareholders and incentivize long-term value creation.

Related Party Transactions

• The issuance of restricted stock units to George Parmer, a director, is a related party transaction.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders by aligning the director's interests with the company's long-term success.

Key Dates

Keywords

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