Form 4: Beam Global CEO Desmond Wheatley Reports Stock Vesting and Tax Withholding
SEC Form 4 Filing
CEO Desmond Wheatley reports the vesting of restricted stock units and subsequent tax withholding by Beam Global.
Summary
- On February 1, 2025, Desmond Wheatley, CEO of Beam Global, vested 35,625 shares of common stock underlying restricted stock units.
- Beam Global withheld 21,856 shares to cover Wheatley's tax obligations related to the vesting.
- Following these transactions, Wheatley directly owns 126,737 shares of Beam Global common stock.
- The restricted stock units were granted on November 10, 2022, and vest in equal installments on February 1, 2024, and February 1, 2025.
Sentiment
Score: 5
Explanation: This is a neutral report on stock vesting and tax withholding, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting and tax withholding have a minor impact on the total number of outstanding shares.
- The transactions reflect the CEO's ongoing compensation and alignment with shareholder interests.
Key Dates
| Date | Description |
|---|---|
| November 10, 2022 | Date the restricted stock units were granted. |
| February 1, 2024 | First vesting date of the restricted stock units. |
| February 1, 2025 | Date of stock vesting and tax withholding. |
| March 14, 2025 | Date of Form 4 filing. |
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