Form 4: Cyanotech VP Hartmann Reports Stock Transactions Following RSU Vesting

Cyanotech's VP of Sales & Marketing, Charles Jason Hartmann, reports the vesting of restricted stock units and subsequent withholding of shares for tax obligations.

Summary

• On April 8, 2024, Charles Jason Hartmann, VP of Sales & Marketing at Cyanotech Corp, reported transactions related to the vesting of restricted stock units (RSUs).
• 33 RSUs vested and were converted into common stock.
• The company withheld 14 shares to cover payroll tax liabilities associated with the vesting.
• Following these transactions, Hartmann directly owns 3,412 shares of Cyanotech common stock and 7,328 restricted stock units.
• The remaining RSUs vest in installments on July 29, 2024 (1,680 shares), February 16, 2025 (3,900 shares), April 6, 2025 (33 shares), July 29, 2025 (1,681 shares), and April 6, 2026 (34 shares), contingent upon continued service with the company.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation. It doesn't indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the normal course of compensation and does not necessarily reflect a change in the executive's confidence in the company.

Key Dates

Keywords

Form 4, insider trading, restricted stock units, RSU, Cyanotech, CYAN, Hartmann, vesting, stock, ownership