Form 4: Beam Global CEO Desmond Wheatley Reports Stock Vesting and Tax Withholding
SEC Form 4
CEO Desmond Wheatley reports the vesting of performance restricted stock units and subsequent tax withholding by Beam Global.
Summary
- On February 28, 2025, Desmond Wheatley, CEO of Beam Global, vested 187,031 shares of common stock performance restricted stock units.
- Beam Global withheld 114,744 shares to cover Wheatley's tax obligations related to the vesting.
- Following these transactions, Wheatley directly owns 199,025 shares of Beam Global common stock.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock vesting and tax withholding, with no inherent positive or negative sentiment.
Industry Context
Executive compensation and stock ownership are standard disclosures for publicly traded companies. This filing provides transparency into the CEO's holdings in Beam Global.
Stakeholder Impact
- The vesting of stock options and subsequent tax withholding may have a minor impact on the company's earnings per share.
Key Dates
| Date | Description |
|---|---|
| 2022-11-10 | Date the PRSUs were granted. |
| 2025-02-28 | Date of stock vesting and tax withholding. |
| 2025-03-14 | Date of Form 4 signature. |
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