4/A: Bright Green Corp CFO Saleem Elmasri Amends Form 4 to Correctly Report Restricted Stock Units Grant

Saleem Elmasri, CFO of Bright Green Corp, amends a previous Form 4 filing to accurately report the grant of restricted stock units.

Summary

• Saleem Elmasri, the CFO of Bright Green Corp, filed an amended Form 4 with the SEC.
• The amendment corrects a previous filing from March 11, 2024, to properly report the grant of restricted stock units.
• The original report incorrectly listed the restricted stock units on Table II (Derivative Securities) instead of Table I (Non-Derivative Securities).
• The corrected filing shows that Elmasri acquired 600,000 shares of common stock through restricted stock units on March 7, 2024, at a price of $0.
• Following the transaction, Elmasri beneficially owns 1,600,000 shares of common stock.
• The restricted stock units vest in twelve equal monthly installments starting one month from the grant date.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain any particularly positive or negative news, but the correction itself suggests attention to detail and compliance.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders regarding insider ownership.

Key Dates

Keywords

Form 4, Amendment, Restricted Stock Units, Beneficial Ownership, Bright Green Corp, BGXX, Saleem Elmasri, CFO