Form 4: Aspen Aerogels CEO Donald R. Young Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Donald R. Young, President and CEO of Aspen Aerogels, disposed of shares to satisfy tax withholding requirements related to the vesting of restricted stock awards.
Summary
- On June 29, 2024, Donald R. Young, the President and CEO of Aspen Aerogels, disposed of 75,885 shares of common stock to cover statutory tax withholding requirements.
- The shares were disposed of at a price of $23.85 per share.
- Following the transaction, Young directly owns 546,995 shares, including 499,463 shares of common stock and 47,532 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. It doesn't inherently convey positive or negative sentiment, as it simply reports a transaction.
Industry Context
This filing is a routine disclosure of insider transactions, which are common when executives receive stock-based compensation. It's typical for executives to sell a portion of their shares to cover tax liabilities associated with vesting or exercising equity awards.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/29/2024 | Date of the transaction where shares were disposed of to cover tax obligations. |
| 07/01/2024 | Date of signature by Virginia H. Johnson, Attorney-in-Fact. |
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