Form 4: Archer Aviation Director Oscar Munoz Reports Stock Transactions
SEC Form 4 Filing
Director Oscar Munoz of Archer Aviation Inc. reports the settlement of restricted stock units and subsequent ownership of Class A Common Stock.
Summary
- On March 15, 2024, Oscar Munoz, a director at Archer Aviation Inc., reported a transaction involving Class A Common Stock.
- Munoz acquired 27,824 shares of Class A Common Stock through the settlement of restricted stock units.
- The price per share for the acquisition was $0.
- Following the transaction, Munoz directly owns 329,979 shares of Class A Common Stock.
- The reported transaction represents the settlement of restricted stock units that vested on September 16, 2023, but for which settlement was deferred.
- The restricted stock units vest ratably in 1/3 increments on the first, second and third anniversaries of September 16, 2021.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| September 16, 2021 | Date from which restricted stock units vest ratably in 1/3 increments on the first, second and third anniversaries. |
| September 16, 2023 | Date the restricted stock units vested, but settlement was deferred. |
| 03/15/2024 | Date of transaction: acquisition of Class A Common Stock through settlement of restricted stock units. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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