Form 4: AudioEye Executive Chairman Acquires Shares as Part of Compensation
SEC Form 4 Filing
Dr. Carr Bettis, Executive Chairman of AudioEye, acquired 772 shares of common stock as part of his base salary and disposed of 282 shares to cover withholding taxes.
Summary
- On July 31, 2024, Dr. Carr Bettis, the Executive Chairman of AudioEye, Inc., acquired 772 shares of common stock as part of his base salary.
- The shares were issued according to his amended employment agreement.
- On the same day, Dr. Bettis disposed of 282 shares of common stock to cover withholding taxes associated with the issuance of the 772 shares.
- Following these transactions, Dr. Bettis directly owns 449,810 shares of AudioEye common stock.
- He is also deemed a beneficial owner of 425,045 shares held by CSB IV US Holdings LLC and 18,600 shares held by Carr Bettis IRA.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects routine executive compensation and stock transactions.
Positives
- The acquisition of shares by the Executive Chairman demonstrates his continued investment in the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor positive impact on shareholder confidence due to the executive's increased stake in the company.
Key Dates
| Date | Description |
|---|---|
| 07/31/2024 | Date of stock acquisition and disposal for tax withholding. |
| 08/02/2024 | Date of signature of the Form 4 filing. |
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