Form 4: Byrna Technologies CEO Bryan Ganz Settles Restricted Stock Units, Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Bryan Ganz, President and CEO of Byrna Technologies, settled restricted stock units for 300,000 shares and disposed of shares to cover tax obligations.
Summary
- On March 12, 2024, Bryan Ganz, the President and CEO of Byrna Technologies Inc., settled 300,000 restricted stock units (RSUs) into common stock.
- Following the settlement, Ganz disposed of 21,905 shares at $11.55 to cover withholding taxes related to the RSU settlement.
- He also forfeited 17,837 shares from the RSU settlement to cover withholding tax.
- After these transactions, Ganz directly owns 880,406 shares of Byrna Technologies Inc.
- Ganz also has indirect ownership through Northeast Industrial Partners LLC (478,059 shares), Li Zhang (3,800 shares), and the Judith L. Ganz Trust VA 04-23-2015 (70,753 shares).
- Ganz disclaims beneficial ownership of shares held by Northeast Industrial Partners LLC, Li Zhang, and the Judith L. Ganz Trust except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting routine executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. Investors monitor these filings to understand the actions of company executives and major shareholders.
Key Dates
| Date | Description |
|---|---|
| 04/23/2015 | Date of the Judith L. Ganz Trust VA |
| 03/12/2024 | Date of RSU settlement and share disposal |
| 03/14/2024 | Date of signature on the Form 4 filing |
| 03/15/2024 | Latest date for RSU settlement |
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