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 disposal of 499 shares to cover tax obligations related to vesting Restricted Stock Units.
Summary
- On February 21, 2025, Keith L. Schilling, SVP of Technology at Aspen Aerogels, disposed of 499 shares of common stock to satisfy tax withholding requirements.
- The shares were sold at a price of $8.04 per share.
- Following the transaction, Schilling beneficially owns 27,944 shares, including 8,899 shares of common stock and 19,045 RSUs.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine transaction for tax purposes.
Industry Context
This is a routine Form 4 filing, which is standard practice when company insiders execute transactions involving the company's stock. It provides transparency to the market regarding insider activity.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares for tax purposes and does not indicate a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/21/2025 | Date of stock transaction (disposal of shares) |
| 02/25/2025 | Date of signature for the Form 4 filing |
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