Form 4: Avid Bioservices Director Esther M. Alegria Reports Stock Unit Vesting
SEC Form 4
Director Esther M. Alegria reports vesting of restricted stock units in Avid Bioservices, Inc.
Summary
- On July 9, 2024, Esther M. Alegria, a director of Avid Bioservices, Inc., had 689 restricted stock units vest.
- These units, granted on July 9, 2021, vested in three equal annual installments starting July 9, 2022, and ending July 9, 2024.
- Upon vesting, each unit represents the right to receive one share of Avid Bioservices' common stock.
- Following the transaction, Ms. Alegria directly owns 26,756 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report on stock unit vesting, a routine part of executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency regarding the equity holdings of company insiders.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/09/2021 | Restricted Stock Units granted to the reporting person |
| 07/09/2022 | First vesting date of the Restricted Stock Units |
| 07/09/2024 | Final vesting date of the Restricted Stock Units and transaction date |
| 07/11/2024 | Date of report |
Keywords
Avid Bioservices, Director, Esther M. Alegria, Restricted Stock Units, Vesting, CDMO, Form 4, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.