Form 4: Beam Global Director Acquires Shares Through Restricted Stock Award
SEC Form 4
A Beam Global director, George Syllantavos, acquired 40,453 shares of common stock through a restricted stock award.
Summary
- George Syllantavos, a director at Beam Global, acquired 40,453 shares of common stock on January 2, 2025.
- The shares were granted as a restricted stock award.
- The price per share was $3.09, based on the average daily closing price of BEEM's common stock from November 29, 2024, to December 31, 2024.
- The shares vest in four equal installments of 25% each on March 31, 2025, June 30, 2025, September 30, 2025, and December 31, 2025.
- Following the transaction, Mr. Syllantavos beneficially owns 61,206 shares of Beam Global.
Sentiment
Score: 7
Explanation: The document reflects a standard corporate practice of granting restricted stock to a director, which is generally viewed positively as it aligns interests. There are no negative implications.
Positives
- The restricted stock award aligns the director's interests with the company's performance.
- The vesting schedule encourages long-term commitment from the director.
Industry Context
This transaction is a standard practice for companies to incentivize and align the interests of their directors with the company's long-term performance.
Comparison to Industry Standards
- Restricted stock awards are a common form of compensation for directors and executives in publicly traded companies.
- The vesting schedule of 25% per quarter is a typical approach to encourage long-term commitment.
- The valuation method using the average daily closing price over a period is a standard practice to determine the fair market value of the shares.
Stakeholder Impact
- The transaction increases the director's stake in the company, aligning his interests with those of shareholders.
- The vesting schedule encourages the director's long-term commitment to the company's success.
Key Dates
| Date | Description |
|---|---|
| 2024-11-29 | Start date for calculating the average daily closing price of BEEM's common stock. |
| 2024-12-31 | End date for calculating the average daily closing price of BEEM's common stock and the date used to determine the per share price of the restricted stock award. |
| 2025-01-02 | Date of the restricted stock award grant. |
| 2025-01-31 | Date of the signature on the SEC Form 4. |
| 2025-03-31 | First vesting date for 25% of the restricted stock award. |
| 2025-06-30 | Second vesting date for 25% of the restricted stock award. |
| 2025-09-30 | Third vesting date for 25% of the restricted stock award. |
| 2025-12-31 | Final vesting date for 25% of the restricted stock award. |
Keywords
Beam Global, restricted stock, stock award, insider trading, share acquisition, director, equity
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