Form 4: Benson Hill CFO Dean P. Freeman Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Dean P. Freeman, CFO of Benson Hill, Inc., reports transactions involving common stock and restricted stock units (RSUs) due to vesting events.
Summary
- Dean P. Freeman, the Chief Financial Officer of Benson Hill, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
- On March 16, 2024, 70,606 restricted stock units (RSUs) vested, resulting in the acquisition of 70,606 shares of common stock.
- Also on March 16, 2024, 24,326 shares were disposed of to cover tax obligations at a price of $0.215 per share.
- On March 18, 2024, an additional 27,583 RSUs vested, leading to the acquisition of 27,583 shares of common stock.
- Following this, 9,502 shares were disposed of on March 18, 2024, at a price of $0.2449 per share to cover tax obligations.
- After these transactions, Freeman directly owns 290,583.892 shares of Benson Hill, Inc. common stock and 55,165 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine filing related to stock transactions by a company executive, with no inherently positive or negative implications for the company's overall prospects.
Future Outlook
The remaining tranches of restricted stock units will vest in substantially equal installments on March 16, 2025, March 16, 2026, March 18, 2025 and March 18, 2026.
Industry Context
Form 4 filings are standard practice for company insiders to report their transactions in company stock, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/09/2023 | Date of grant for the first tranche of restricted stock units under the Issuer's 2021 Omnibus Incentive Plan. |
| 03/18/2022 | Date of grant for the second tranche of restricted stock units under the Issuer's 2021 Omnibus Incentive Plan. |
| 02/06/2023 | Date of previously filed Form 4 which contained a clerical error. |
| 03/16/2024 | Vesting date of 70,606 restricted stock units and subsequent sale of 24,326 shares for tax obligations. |
| 03/18/2024 | Vesting date of 27,583 restricted stock units and subsequent sale of 9,502 shares for tax obligations. |
| 03/16/2025 | Next vesting date for remaining tranches of restricted stock units granted on March 9, 2023. |
| 03/18/2025 | Next vesting date for remaining tranches of restricted stock units granted on March 18, 2022. |
| 03/16/2026 | Final vesting date for remaining tranches of restricted stock units granted on March 9, 2023. |
| 03/18/2026 | Final vesting date for remaining tranches of restricted stock units granted on March 18, 2022. |
| 03/19/2024 | Date of signature for the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Restricted Stock Units, Common Stock, Benson Hill, Freeman, Vesting, Transactions, CFO
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