Form 4: Cyanotech Corp Executive Jennifer M. Johansen Reports Stock Transactions
SEC Form 4 Filing
Jennifer M. Johansen, VP at Cyanotech Corp, reports the vesting of restricted stock units and withholding of shares for tax obligations.
Summary
- On April 8, 2024, Jennifer M. Johansen, VP of Quality, Regulatory & Government at Cyanotech Corp, reported transactions involving common stock and restricted stock units.
- 33 restricted stock units vested and were converted into common stock.
- The company withheld 13 shares to cover payroll tax liabilities related to the vesting.
- Following these transactions, Johansen directly owns 6,001 shares of common stock and 6,026 restricted stock units.
- The restricted stock units vest in installments between July 30, 2024, and April 6, 2026, contingent upon continued service with the company.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, so the sentiment is neutral.
Future Outlook
The reporting person will continue to vest in restricted stock units over the next two years, contingent on continued service with the company.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common for publicly traded companies. It provides transparency into the holdings and transactions of key personnel.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 04/08/2024 | Date of stock vesting and tax withholding. |
| 04/10/2024 | Date of Form 4 filing. |
| 07/30/2024 | Vesting of 1,379 restricted stock units. |
| 02/16/2025 | Vesting of 3,200 restricted stock units. |
| 04/06/2025 | Vesting of 33 restricted stock units. |
| 07/30/2025 | Vesting of 1,380 restricted stock units. |
| 04/06/2026 | Vesting of 34 restricted stock units. |
Keywords
Form 4, insider trading, stock vesting, restricted stock units, Cyanotech Corp, Jennifer M. Johansen
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