Form 4: Ascent Solar Technologies CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Ascent Solar Technologies CEO, Paul P. Warley, disposed of 25,184 shares to cover tax obligations related to the vesting of restricted stock units.
Summary
- On March 31, 2024, Paul P. Warley, CEO of Ascent Solar Technologies, disposed of 25,184 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $0.3941.
- Following the transaction, Warley directly owns 231,538 shares.
- 215,000 of the shares previously reported are restricted stock units (RSUs) granted on January 17, 2024, which vest over three years.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reflects a routine transaction for tax purposes.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 01/17/2024 | Date of RSU grant |
| 03/31/2024 | Date of transaction and first RSU vesting date |
| 01/01/2025 | Second RSU vesting date |
| 01/01/2026 | Third RSU vesting date |
| 06/11/2024 | Date of Form 4 filing |
Keywords
Ascent Solar Technologies, ASTI, Paul Warley, CEO, Form 4, Share Disposal, Restricted Stock Units, RSU, Tax Obligations, Beneficial Ownership
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