Form 4: Aspen Aerogels Executive Virginia Johnson Reports Stock Transaction
SEC Form 4 Filing
Virginia Johnson, CLO, GC, Secretary & CCO of Aspen Aerogels, reports disposition of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 8, 2024, Virginia Johnson, CLO, GC, Secretary & CCO of Aspen Aerogels, disposed of 2,129 shares of common stock at a price of $17.02 per share to cover tax obligations.
- The transaction was related to the vesting of Restricted Stock Units (RSUs).
- Following the transaction, Johnson directly owns 27,794 shares, consisting of 4,779 shares of common stock and 23,015 RSUs.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction by an executive. It doesn't inherently convey positive or negative sentiment, as it's a factual disclosure.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders, as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock transaction (disposal of shares) |
| 03/11/2024 | Date of signature on the Form 4 filing |
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