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, 2024, Desmond Wheatley, CEO of Beam Global, had 35,625 shares of common stock vest from restricted stock units.
- Beam Global withheld 23,136 shares to cover Wheatley's tax obligations related to the vesting.
- Following these transactions, Wheatley directly owns 112,968 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 transactions related to executive compensation; it doesn't inherently indicate 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.
Key Dates
| Date | Description |
|---|---|
| 11/10/2022 | Date the restricted stock units were granted |
| 02/01/2024 | Date of stock vesting and tax withholding |
| 02/01/2024 | Date the restricted stock units vest |
| 02/01/2025 | Date the restricted stock units vest |
| 07/05/2024 | Date of the report |
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