Form 4: CompoSecure COO Gregoire Maes Settles Restricted Stock Units for Tax Obligations

CompoSecure's Chief Operating Officer, Gregoire Maes, disposed of shares to cover tax obligations related to the vesting of restricted stock units (RSUs).

Summary

• Gregoire Maes, the Chief Operating Officer of CompoSecure, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On January 1, 2025, Maes disposed of Class A Common Stock to satisfy tax withholding obligations related to the vesting of restricted stock units (RSUs).
• A total of 31,795 shares, 21,795 shares and 26,740 shares were disposed of at a price of $15.33 per share.
• These shares were withheld in connection with the net settlement of RSUs that vested on January 1, 2025.
• The RSUs were originally granted on March 16, 2022, March 9, 2023 and March 15, 2024.
• Following the reported transactions, Maes beneficially owns 684,185 shares of Class A Common Stock.
• This includes directly owned shares, unvested time-vesting RSUs from 2022, 2023 and 2024 grants, and performance-vesting RSUs.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects routine tax-related transactions and doesn't indicate a change in the company's fundamentals or management's confidence.

Future Outlook

The remaining unvested RSUs will continue to vest on January 1, 2026 and January 1, 2027, subject to the reporting person's continued service and, in some cases, achievement of performance targets.

Industry Context

Form 4 filings are routine disclosures that provide transparency into the transactions of company insiders, allowing investors to track ownership changes and potential alignment of interests.

Stakeholder Impact

• The transaction has a minimal impact on shareholders, as it is a routine disposal of shares for tax purposes.

Key Dates