Form 4: Benson Hill Director Craig Rohr Forfeits Earn Out Shares and Corrects Previous Filing Error

Director Craig Rohr forfeited 2,211 Earn Out Shares of Benson Hill, Inc. due to unmet stock price targets and corrected a clerical error in a previous filing.

Summary

• On September 29, 2024, Craig Rohr, a director of Benson Hill, Inc., forfeited 2,211 Earn Out Shares because the stock price targets were not achieved within the performance period.
• The forfeiture resulted in none of the Earn Out Shares vesting.
• Rohr also corrected an error in a Form 4 filing from August 1, 2024, where the number of securities beneficially owned was over-reported by 2 shares.
• Following these transactions, Rohr beneficially owns 16,341 shares of Benson Hill, Inc.

Sentiment

Score: 4

Explanation: The sentiment is slightly negative due to the forfeiture of shares indicating underperformance relative to targets, although the correction of a clerical error is a minor positive.

Negatives

• Craig Rohr forfeited 2,211 Earn Out Shares due to the stock price targets not being achieved.

Risks

• The forfeiture of Earn Out Shares suggests that the company's stock price performance did not meet the set targets, which could indicate underlying challenges or market conditions affecting the company's valuation.

Industry Context

This announcement is specific to an insider transaction and correction at Benson Hill, Inc., and doesn't provide broad insights into the industry.

Stakeholder Impact

• Shareholders may react negatively to the news of forfeited shares, as it indicates that performance targets were not met.

Key Dates

Keywords

Benson Hill, Craig Rohr, Earn Out Shares, Forfeiture, Form 4, Beneficial Ownership, Director, Stock Price Targets, Correction