Form 4: AMMO, Inc. CEO Jared Rowe Smith Reports Stock Grant and Tax Withholding
SEC Form 4
CEO Jared Rowe Smith reports receiving shares as part of his compensation and the subsequent withholding of shares to cover tax obligations.
Summary
- On October 3, 2024, Jared Rowe Smith, CEO of AMMO, Inc., received 43,333 shares of common stock as part of his quarterly compensation.
- These shares were granted for his services as CEO (33,333 shares) and as part of the Board of Directors' compensation (10,000 shares).
- On the same day, 15,511 shares were withheld by AMMO, Inc. to cover tax obligations related to the received shares at a price of $1.43.
- Following these transactions, Smith directly owns 407,082 shares of AMMO, Inc. common stock.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing detailing stock transactions related to executive compensation. It doesn't contain information that would significantly sway investor sentiment positively or negatively.
Positives
- The grant of shares to the CEO aligns his interests with those of the shareholders.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity-based compensation of key executives.
Stakeholder Impact
- Shareholders are informed about the CEO's equity stake in the company.
- Employees may be interested in the details of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 10/03/2024 | Date of stock grant and tax withholding. |
| 09/30/2024 | End of the quarter for which the stock grant was awarded. |
| 10/11/2024 | Date of signature on the Form 4. |
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