Form 4: BioCorRx Inc. Director Lucido Acquires Shares as Part of Executive Service Agreement
SEC Form 4 Filing
Louis C. Lucido, a director, 10% owner, and President of BioCorRx Inc., acquired 22,831 shares of common stock on May 31, 2024, as part of his Executive Service Agreement.
Summary
- On May 31, 2024, Louis C. Lucido, a director, 10% owner, and President of BioCorRx Inc. (BICX), acquired 22,831 shares of common stock.
- The acquisition was made under the terms of an Executive Service Agreement dated January 5, 2024.
- These shares were issued as compensation for his services, with the number of shares determined by the equivalent of $16,667 based on the average closing price of the stock over the three trading days preceding the last day of the month.
- The average closing price used for this transaction was $0.73.
- Following the transaction, Lucido's total beneficial ownership of BioCorRx Inc. common stock is 578,596 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document simply reports a transaction related to executive compensation. It doesn't contain any overtly positive or negative information about the company's performance or future prospects.
Positives
- The acquisition of shares by a director and officer may signal confidence in the company's future performance.
Industry Context
Executive compensation in the form of stock is a common practice to align the interests of management with those of shareholders. This arrangement incentivizes executives to improve company performance and increase shareholder value.
Related Party Transactions
- The issuance of shares to Louis C. Lucido under the Executive Service Agreement is a related party transaction.
Stakeholder Impact
- The transaction increases the alignment of interests between the executive and shareholders.
- The issuance of new shares could potentially dilute existing shareholders' ownership, although the impact is likely minimal given the relatively small number of shares issued.
Key Dates
| Date | Description |
|---|---|
| January 5, 2024 | Date of the Executive Service Agreement between BioCorRx Inc. and Louis C. Lucido. |
| May 31, 2024 | Date of the transaction where Louis C. Lucido acquired 22,831 shares of common stock. |
| June 3, 2024 | Date of signature for the Form 4 filing. |
Keywords
BioCorRx Inc., BICX, Louis C. Lucido, Executive Service Agreement, Stock Acquisition, Beneficial Ownership, Form 4, Director, Officer, Compensation
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