Form 4: Aspen Aerogels Executive Santhosh P. Daniel Reports Stock Transaction

Chief Accounting Officer Santhosh P. Daniel of Aspen Aerogels reports disposition of shares to cover tax obligations related to vesting of Restricted Stock Units.

Summary

• On September 13, 2024, Santhosh P. Daniel, Chief Accounting Officer of Aspen Aerogels, Inc. (ASPN), reported a transaction involving the disposition of 1,711 shares of common stock.
• The shares were withheld by the company to satisfy minimum statutory tax withholding requirements on the vesting of Restricted Stock Units (RSUs).
• The transaction price was $24.84 per share.
• Following the transaction, Daniel directly owns 19,934 shares, which includes 5,614 shares of common stock and 14,320 RSUs.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing represents a routine transaction related to tax obligations on vested RSUs. It doesn't indicate any significant positive or negative outlook for the company.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on investor confidence. This transaction is related to tax obligations on vested RSUs, a common form of executive compensation.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders as it is a routine procedure for covering tax obligations.

Key Dates