Form 4: Byrna Technologies Executive Luan Pham Settles Restricted Stock Units
SEC Form 4 Filing
Luan Pham, Chief Marketing and Revenue Officer of Byrna Technologies, settled 5,000 restricted stock units for common stock on April 29, 2024.
Summary
- On April 29, 2024, Luan Pham, the Chief Marketing and Revenue Officer of Byrna Technologies Inc., settled 5,000 restricted stock units (RSUs) for shares of common stock.
- As part of the RSU settlement, Pham forfeited 1,081 shares to cover withholding tax obligations.
- The settlement price was based on the prior trading day's closing price of $13.67.
- Following the transaction, Pham directly owns 52,631 shares of Byrna Technologies common stock.
Sentiment
Score: 5
Explanation: This Form 4 filing is a neutral event, reflecting a standard executive compensation transaction. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
- The forfeiture of shares to cover tax obligations reduces the number of shares entering the market.
Key Dates
| Date | Description |
|---|---|
| 04/18/2024 | Restricted stock units vested |
| 04/29/2024 | Date of transaction: settlement of restricted stock units and forfeiture of shares for tax obligations |
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