Form 4: Aspen Aerogels SVP, Sales and Marketing, Corby C Whitaker, Reports Changes in Beneficial Ownership
SEC Form 4
Corby C Whitaker, SVP of Sales and Marketing at Aspen Aerogels, reported the disposal of shares to cover tax obligations upon vesting of Restricted Stock Units.
Summary
- On February 23 and 24, 2024, Corby C Whitaker, SVP of Sales and Marketing at Aspen Aerogels, disposed of shares of common stock to satisfy tax withholding requirements related to the vesting of Restricted Stock Units (RSUs).
- A total of 495 shares were disposed of on February 23, 2024, and 330 shares on February 24, 2024, both at a price of $16.96 per share.
- Following these transactions, Whitaker directly owns 162,290 shares of Aspen Aerogels, which includes 107,274 shares of common stock, 1,426 RSUs, and 53,590 shares of restricted stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to routine tax obligations and doesn't indicate a significant change in the insider's overall holdings or confidence in the company.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and are closely watched by investors for insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Disposal of 495 shares of common stock at $16.96 per share. |
| 02/24/2024 | Disposal of 330 shares of common stock at $16.96 per share. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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