Form 4: Aspen Aerogels SVP, Operations and Strat Development, Gregg Landes, Reports Stock Transaction
SEC Form 4 Filing
Gregg Landes, SVP of Operations and Strategic Development at Aspen Aerogels, reports the withholding of shares to cover tax obligations upon vesting of Restricted Stock Units.
Summary
- On March 8, 2024, Gregg Landes, SVP of Operations and Strategic Development at Aspen Aerogels, had 1,771 shares of common stock withheld to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs).
- The shares were withheld at a price of $17.02 per share.
- Following the transaction, Landes beneficially owns 78,239 shares, including 57,768 shares of common stock and 20,471 RSUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company insider, and it doesn't inherently indicate positive or negative sentiment. It's a neutral event.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in stock transactions by company insiders. This filing indicates routine activity related to equity compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves the withholding of shares for tax purposes, which is a standard procedure.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock transaction (shares withheld for tax obligations). |
| 03/11/2024 | Date of signature by Attorney-in-Fact. |
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