Form 4: Aspen Aerogels CEO Donald R. Young Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Donald R. Young, CEO of Aspen Aerogels, disposed of shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On March 7, 2025, Donald R. Young, the President and CEO of Aspen Aerogels, disposed of 3,569 shares of common stock to satisfy tax withholding requirements related to the vesting of Restricted Stock Units (RSUs).
- The shares were disposed of at a price of $7.95 per share.
- Following the transaction, Young directly owns 530,856 shares, which includes 451,151 shares of common stock and 79,705 RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction.
Industry Context
Form 4 filings are a routine part of executive compensation and are used to disclose transactions in a company's stock by its insiders. This filing indicates that the CEO disposed of shares to cover tax obligations, which is a common practice.
Stakeholder Impact
- The disposal of shares by the CEO could have a minor impact on shareholders, but it is primarily related to tax obligations and not necessarily indicative of the CEO's outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/07/2025 | Date of transaction: Donald R. Young disposed of shares. |
| 03/11/2025 | Date of signature by Attorney-in-Fact. |
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