Form 4: Aspen Aerogels CEO Donald R. Young Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Donald R. Young, CEO of Aspen Aerogels, disposed of shares to cover tax withholding requirements related to vesting Restricted Stock Units.
Summary
- On February 23 and 24, 2024, Donald R. Young, the President and CEO of Aspen Aerogels, disposed of 1,099 and 818 shares of common stock, respectively, to satisfy tax withholding requirements.
- The transactions were executed at a price of $16.96 per share.
- Following these transactions, Young directly owns 654,786 shares of Aspen Aerogels, which includes 153,290 shares of Common Stock, 39,880 RSUs and 461,616 shares of Restricted Stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions by an insider to cover tax obligations. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Disposal of 1,099 shares of Common Stock to cover tax obligations. |
| 02/24/2024 | Disposal of 818 shares of Common Stock to cover tax obligations. |
| 02/27/2024 | Date of Form 4 signature. |
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