Form 4: Aspen Aerogels Executive Virginia Johnson Reports Stock Transaction

Virginia Johnson, CLO, GC, Secretary & CCO of Aspen Aerogels, reports disposition of 662 shares to cover tax obligations related to vesting of Restricted Stock Units.

Summary

• On June 2, 2024, Virginia Johnson, CLO, GC, Secretary & CCO of Aspen Aerogels, disposed of 662 shares of common stock to satisfy tax withholding requirements.
• The shares were disposed of at a price of $29.92 per share.
• Following the transaction, Johnson beneficially owns 27,132 shares, consisting of 6,102 shares of common stock and 21,030 RSUs.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.

Industry Context

Form 4 filings are standard practice for reporting transactions by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Form 4 filings are a standard regulatory requirement for corporate insiders in the United States, ensuring transparency in stock transactions.
• Similar filings are common across publicly traded companies, such as Tesla (TSLA) and Apple (AAPL), when their executives or directors trade company stock.
• The level of detail provided in this Form 4 is consistent with SEC guidelines and industry norms for insider transaction reporting.

Stakeholder Impact

• The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
• It provides transparency to shareholders regarding insider transactions.

Key Dates