Form 4: Cyanotech CFO Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
Felicia I. Ladin, CFO of Cyanotech Corp, reports the vesting of restricted stock units and subsequent withholding of shares for tax liabilities.
Summary
- On April 8, 2024, Felicia I. Ladin, CFO, VP Fin & Admin, and Treasurer of Cyanotech Corp, reported transactions related to restricted stock units (RSUs).
- 33 RSUs vested and were converted into common stock.
- The company withheld 13 shares to cover payroll tax liabilities associated with the vesting.
- Following these transactions, Ladin directly owns 3,587 shares of Cyanotech common stock and 7,461 restricted stock units.
- The RSUs vest in installments, with future vesting dates in July 2024, February 2025, April 2025, July 2025 and April 2026, contingent upon continued service with the company.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and doesn't indicate any significant positive or negative sentiment.
Future Outlook
The reporting person will continue to vest in restricted stock units over the next two years, contingent upon continued service with the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's compensation includes stock-based awards, aligning her interests with those of shareholders.
Stakeholder Impact
- The vesting of RSUs aligns the CFO's interests with those of shareholders, as her compensation is tied to the company's stock performance.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of RSU vesting and share withholding. |
| 04/10/2024 | Date of Form 4 filing. |
| 07/29/2024 | Next RSU vesting date (1,747 shares). |
| 02/16/2025 | RSU vesting date (3,900 shares). |
| 04/06/2025 | RSU vesting date (33 shares). |
| 07/29/2025 | RSU vesting date (1,747 shares). |
| 04/06/2026 | Final RSU vesting date (34 shares). |
Keywords
Form 4, Insider Trading, Restricted Stock Units, RSU, Vesting, Cyanotech, CYAN, CFO, Felicia I. Ladin, Stock Ownership
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