Form 4: Arq, Inc. COO Jeremy Williamson Reports Stock Award and Sale to Cover Taxes

Arq, Inc.'s Chief Operating Officer, Jeremy Williamson, reports the acquisition of restricted stock awards and performance share units, along with a sale of shares to cover tax obligations.

Summary

• On March 23, 2025, Jeremy Williamson, the Chief Operating Officer of Arq, Inc., acquired 28,069 shares of common stock as restricted stock awards and 28,069 performance share units.
• The restricted stock awards vest in three equal annual installments starting on the first anniversary of the grant date.
• The performance share units represent a contingent right to receive common stock, vesting no later than March 10, 2028, contingent on continuous service and achievement of pre-established goals measured as of December 31, 2027.
• On March 24, 2025, Williamson sold 5,233 shares of common stock at $4.68 per share to cover tax withholding obligations related to the vesting of restricted stock awards.
• Following these transactions, Williamson beneficially owns 138,699 shares of Arq, Inc. common stock and 28,069 performance share units.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of stock-based compensation is a positive sign, aligning management with shareholder interests. The sale of shares to cover taxes is a routine transaction and does not significantly impact the overall sentiment.

Positives

• The grant of restricted stock and performance share units aligns the COO's interests with the long-term performance of the company.
• The vesting schedule for the restricted stock awards encourages continued service with the company.
• The performance-based vesting of the PSUs incentivizes the achievement of specific goals.

Negatives

• The sale of shares to cover tax obligations, while common, slightly reduces the COO's direct holdings in the company.

Risks

• The vesting of the performance share units is contingent on achieving certain pre-established goals, which may not be met.
• The value of the shares received upon vesting of the PSUs and restricted stock awards will depend on the future stock price of Arq, Inc.

Future Outlook

The document does not contain specific forward-looking statements, but the vesting of the restricted stock and performance share units is tied to the company's future performance and the COO's continued service.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The granting of stock-based compensation is a common practice to align management's interests with those of shareholders.

Comparison to Industry Standards

• Stock-based compensation is a standard practice across various industries, particularly in publicly traded companies.
• Companies like Tesla, Apple, and Microsoft also use stock options, restricted stock units, and performance-based awards to incentivize their executives.
• The vesting schedules and performance metrics associated with these awards vary depending on the company's specific goals and industry practices.

Stakeholder Impact

• Shareholders may view the stock awards as a positive sign, aligning management's interests with the company's long-term success.
• Employees may be motivated by the potential for similar stock-based compensation opportunities.

Key Dates

Keywords

Form 4, Arq, Inc., Jeremy Williamson, restricted stock, performance share units, stock sale, insider trading, COO, incentive plan, vesting