Form 4: Richard L. Mack Reports Vesting of Restricted Stock Units in Benson Hill, Inc.
SEC Form 4 Filing
Director Richard L. Mack reports the vesting of restricted stock units in Benson Hill, Inc. on June 15, 2024.
Summary
- Richard L. Mack, a director of Benson Hill, Inc., reported the vesting of 110,286 restricted stock units on June 15, 2024.
- These restricted stock units were granted on June 15, 2023, under the company's 2021 Omnibus Incentive Plan.
- The vesting represents the first of two tranches, with the remaining tranche scheduled to vest on June 15, 2025.
- Each restricted stock unit represents the right to receive one share of Benson Hill's common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock vesting, indicating a neutral sentiment.
Positives
- The vesting of restricted stock units aligns the director's interests with those of the shareholders.
- The vesting schedule provides a continued incentive for the director's performance.
Future Outlook
The remaining tranche of restricted stock units will vest on June 15, 2025, subject to continued service.
Industry Context
This filing is a routine disclosure related to executive compensation and is common for publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/15/2023 | Date of grant of restricted stock units under the Issuer's 2021 Omnibus Incentive Plan. |
| 06/15/2024 | Date of vesting of the first tranche of restricted stock units. |
| 06/15/2025 | Date of vesting of the remaining tranche of restricted stock units. |
| 06/18/2024 | Date of signature of the Form 4 filing. |
Keywords
Benson Hill, Richard L. Mack, restricted stock units, vesting, Form 4, director, BHIL, equity securities
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