Form 4: Arq, Inc. Executive Wong Exercises Performance Share Units, Disposes of Shares for Tax Obligations

Chief Technology Officer Joseph M Wong of Arq, Inc. exercised performance share units and disposed of shares to cover tax obligations on February 12, 2025.

Summary

• On February 12, 2025, Joseph M Wong, Chief Technology Officer of Arq, Inc., exercised 14,728 performance share units (PSUs) that vested based on the achievement of specific performance criteria over a three-year period ending December 31, 2024.
• Each vested PSU represented the right to receive one share of Arq, Inc.'s common stock.
• Wong also disposed of 6,995 shares of common stock at a price of $5.93 to satisfy tax withholding obligations related to the vesting of the PSUs.
• Following these transactions, Wong directly owns 335,188 shares of Arq, Inc. common stock.
• The Compensation Committee of Arq, Inc.'s Board of Directors determined the vesting of the PSUs on February 12, 2025.
• The PSUs were awarded on March 23, 2022, under the company's 2017 Omnibus Equity Incentive Plan.

Sentiment

Score: 5

Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative sentiment.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Key Dates