Form 4: Benson Hill Director Daniel Jacobi Reports Stock Transactions After Reverse Stock Split

Director Daniel Jacobi reports stock transactions, including vesting and grant of restricted stock units, following Benson Hill's 1-for-35 reverse stock split.

Summary

• On July 18, 2024, Daniel Jacobi, a director of Benson Hill, Inc., reported transactions involving the company's stock.
• These transactions include the vesting of 4,352 restricted stock units, which converted into 4,352 shares of common stock.
• Jacobi also received a grant of 10,675 restricted stock units on July 18, 2024, under the company's 2021 Omnibus Incentive Plan.
• These new restricted stock units will vest on the earlier of the first anniversary of the grant date or the company's 2025 Annual Meeting of Stockholders.
• The reported amounts have been adjusted to reflect a 1-for-35 reverse stock split that Benson Hill implemented on July 18, 2024.
• Following these transactions, Jacobi directly owns 6,119 shares of Benson Hill common stock and 10,675 restricted stock units.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.

Positives

• The grant of restricted stock units to a director aligns their interests with the long-term performance of the company.

Future Outlook

The new restricted stock units will vest on the earlier of the first anniversary of the grant date or the company's 2025 Annual Meeting of Stockholders.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders, such as directors and officers, trade their company's stock. These filings provide transparency into insider activity and can be used by investors to gauge sentiment.

Stakeholder Impact

• The disclosure of insider transactions provides transparency to shareholders regarding the actions of company leadership.

Key Dates

Keywords

Benson Hill, Director, Daniel Jacobi, Restricted Stock Units, Reverse Stock Split, Form 4, Stock Transactions, Vesting, Grant Date, Ownership