Form 4: Brand Engagement Network Inc. Executive Michael Zacharski Reports Stock Grant and Tax Withholding
SEC Form 4 Filing
Michael Zacharski, Co-CEO of Brand Engagement Network Inc., reports the acquisition of restricted stock and subsequent withholding of shares for tax obligations.
Summary
- On July 5, 2024, Michael Zacharski, Co-CEO of Brand Engagement Network Inc., acquired 78,222 shares of restricted stock under the company's 2024 Long-Term Incentive Plan.
- These shares fully vested on the same day.
- Also on July 5, 2024, 31,354 shares of common stock were withheld by the company to cover tax obligations related to the restricted stock grant, valued at $3.06 per share.
- Following these transactions, Zacharski beneficially owns 1,397,368 shares of Brand Engagement Network Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies. It provides transparency into the equity holdings of company executives.
Stakeholder Impact
- Shareholders gain insight into executive compensation and ownership structure.
- Employees may be impacted by the long-term incentive plan.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of restricted stock grant and vesting, and tax withholding. |
| 07/10/2024 | Date of Form 4 filing. |
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