Form 4: AMMO, Inc. CEO Jared Smith Reports Stock Grant and Tax Withholding

CEO Jared Smith reports receiving 43,333 shares of AMMO, Inc. common stock as part of his compensation and the subsequent withholding of 16,159 shares for tax obligations.

Summary

• On June 20, 2024, Jared Rowe Smith, CEO of AMMO, Inc., received 43,333 shares of common stock as part of his annual compensation.
• These shares were granted quarterly for his services as CEO (33,333 shares) and for his role as a member of the Board of Directors (10,000 shares).
• On the same day, 16,159 shares were withheld by AMMO, Inc. to cover tax obligations related to the stock grant at a price of $1.87 per share.
• Following these transactions, Smith directly owns 351,778 shares of AMMO, Inc. common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reports routine executive compensation and tax withholding.

Positives

• The stock grant aligns executive compensation with company performance.

Industry Context

Executive compensation packages often include stock grants to align management interests with shareholder value. Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders.

Stakeholder Impact

• Shareholders may view the stock grant as an incentive for the CEO to improve company performance.
• The tax withholding impacts the CEO's net compensation.

Key Dates