Form 4: Astrotech Corp Director Charles Arch Winn Acquires 3,000 Shares of Restricted Stock

Director Charles Arch Winn acquired 3,000 shares of restricted stock in Astrotech Corp, according to a recent SEC filing.

Summary

• On May 14, 2025, Charles Arch Winn, a director of Astrotech Corp, acquired 3,000 shares of common stock.
• These shares were granted as restricted stock under the company's 2021 Omnibus Equity Incentive Plan.
• The shares vest in equal installments over three years, with full vesting occurring on May 14, 2028, contingent upon continuous employment.
• Following the transaction, Winn directly owns 3,889 shares of Astrotech Corp, including 485 shares held in an IRA.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of restricted stock is a standard practice and indicates confidence in the director's continued service and the company's future.

Positives

• The grant of restricted stock aligns the director's interests with the long-term performance of the company.
• The vesting schedule incentivizes continued service and commitment from the director.

Future Outlook

The vesting of the restricted stock is contingent upon the director's continuous employment with the issuer, suggesting an expectation of continued service.

Industry Context

This type of equity grant is a common practice to incentivize and retain key personnel, aligning their interests with the company's long-term success.

Comparison to Industry Standards

• Equity compensation is a standard practice across publicly traded companies to align the interests of directors and management with those of shareholders.
• Vesting schedules, like the three-year vesting period described, are typical in equity compensation plans to ensure long-term commitment.
• Companies like Lockheed Martin, Boeing, and SpaceX also use equity grants as part of their compensation packages for key personnel.

Stakeholder Impact

• Shareholders may view the equity grant positively as it aligns the director's interests with the company's performance.
• Employees may see this as a positive sign of the company's commitment to its leadership.

Key Dates

Keywords

Astrotech Corp, Charles Arch Winn, restricted stock, Form 4, director, equity incentive plan, vesting