Form 4: Aspen Aerogels SVP, Technology, Keith L. Schilling, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Keith L. Schilling, SVP of Technology at Aspen Aerogels, reports the cancellation of unearned performance-based restricted shares and adjustments to common stock and RSUs holdings.
Summary
- On March 5, 2024, Keith L. Schilling, SVP of Technology at Aspen Aerogels, reported changes in beneficial ownership.
- 53,590 unearned performance-based restricted shares granted on June 2, 2022, were cancelled.
- Following the transaction, Schilling directly owns 22,805 shares, including 3,672 shares of Common Stock and 19,133 RSUs.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The cancellation of shares could be seen as slightly negative, but overall, it's a standard reporting event.
Negatives
- 53,590 unearned performance-based restricted shares were cancelled, indicating that performance targets were not met.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The cancellation of unearned performance-based restricted shares may slightly impact shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 06/02/2022 | Date of grant for the unearned performance-based restricted shares that were later cancelled. |
| 03/05/2024 | Date of the transaction involving the cancellation of restricted shares. |
| 03/07/2024 | Date of signature for the Form 4 filing. |
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