Form 4: Aspen Aerogels CEO Donald R. Young Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Donald R. Young, CEO of Aspen Aerogels, disposed of 4,078 shares of common stock on March 8, 2024, to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On March 8, 2024, Donald R. Young, the President and CEO of Aspen Aerogels, Inc. disposed of 4,078 shares of common stock.
- The disposal was executed to satisfy the minimum statutory tax withholding requirements on the vesting of Restricted Stock Units (RSUs).
- The transaction was a sale of shares at a price of $17.02 per share.
- Following the transaction, Young directly owns 365,446 shares of Aspen Aerogels, Inc., which includes 160,964 shares of Common Stock, 47,532 RSUs and 156,950 shares of Restricted Stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock disposal transaction. |
| 03/11/2024 | Date of signature for the Form 4 filing. |
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