Form 4: Aspen Aerogels SVP, Technology, Keith L Schilling, Reports Stock Transaction
SEC Form 4 Filing
Keith L Schilling, SVP of Technology at Aspen Aerogels, reports the withholding of shares to cover tax obligations upon the vesting of Restricted Stock Units.
Summary
- On March 8, 2024, Keith L Schilling, SVP of Technology at Aspen Aerogels, had 2,045 shares of common stock withheld by the company to satisfy tax obligations related to the vesting of Restricted Stock Units (RSUs).
- Following this transaction, Schilling beneficially owns 28,792 shares, consisting of 7,133 shares of common stock and 21,659 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting routine tax withholding on vested equity. It doesn't suggest any positive or negative sentiment regarding the company's performance.
Industry Context
This is a routine disclosure related to insider transactions, specifically the withholding of shares to cover tax obligations upon the vesting of RSUs. It's a common practice and doesn't necessarily indicate a change in the executive's outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of stock transaction where shares were withheld for tax obligations. |
| 03/11/2024 | Date of signature for the Form 4 filing. |
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