Form 4: Benson Hill CEO Adrienne Elsner Awarded 750,000 Restricted Stock Units
SEC Form 4 Filing
Benson Hill's CEO, Adrienne Elsner, received 750,000 restricted stock units on April 25, 2024, according to a Form 4 filing with the SEC.
Summary
- According to a Form 4 filing with the SEC, Benson Hill, Inc. CEO Adrienne Elsner was granted 750,000 restricted stock units on April 25, 2024.
- These units were granted under the company's 2021 Omnibus Incentive Plan.
- The restricted stock units vest in three equal installments on March 29, 2025, March 29, 2026, and March 29, 2027.
- Each restricted stock unit represents the right to receive one share of Benson Hill's common stock.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The granting of stock options is a common practice and aligns management with shareholder interests. The vesting schedule indicates a long-term commitment.
Positives
- The granting of restricted stock units to the CEO aligns her interests with those of the shareholders, incentivizing her to improve the company's performance and increase shareholder value.
Future Outlook
The vesting schedule of the restricted stock units suggests a long-term commitment from the CEO to the company's success.
Industry Context
Equity compensation is a common practice in the industry to incentivize executives and align their interests with shareholders.
Comparison to Industry Standards
- Equity grants to CEOs are standard practice across publicly traded companies, particularly in growth-oriented sectors like Benson Hill's.
- The size of the grant would need to be compared to similar companies in the agricultural technology or food technology space to determine if it is in line with industry norms.
- Companies like Corteva, Bayer Crop Science, or smaller, comparable ag-tech firms could be used as benchmarks for executive compensation.
Stakeholder Impact
- Shareholders may view the equity grant positively as it incentivizes the CEO to increase the company's value.
- Employees may see this as a sign of confidence in the company's future.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction: Adrienne Elsner granted 750,000 restricted stock units. |
| 03/29/2025 | First vesting date for the restricted stock units (one-third). |
| 03/29/2026 | Second vesting date for the restricted stock units (one-third). |
| 03/29/2027 | Third vesting date for the restricted stock units (one-third). |
| 03/29/2034 | Expiration date for the restricted stock units. |
| 04/29/2024 | Date of Form 4 filing. |
Keywords
restricted stock units, Benson Hill, CEO, Adrienne Elsner, equity compensation, Form 4, SEC filing
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