Form 4: Cyanotech VP of Operations, Glenn Jensen, Reports Stock Transactions
SEC Form 4 Filing
Glenn Jensen, VP of Operations at Cyanotech Corp, reports the vesting of restricted stock units and withholding of shares for tax liabilities.
Summary
- On February 18, 2025, Glenn Jensen, VP of Operations at Cyanotech Corp, reported transactions involving common stock and restricted stock units.
- 3,570 restricted stock units vested and were converted into common stock.
- The company withheld 1,340 shares to cover payroll tax liabilities related to the vesting.
- Following these transactions, Jensen directly owns 26,065 shares of common stock and indirectly owns 17,210 shares held by his spouse.
- He also directly owns 1,709 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure of insider transactions, which is a normal part of corporate governance and regulatory compliance. It provides transparency into the actions of company executives regarding their holdings in the company's stock.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of stock vesting and tax withholding. |
| 02/20/2025 | Date of Form 4 filing. |
| 04/06/2025 | Vesting date for 33 restricted stock units. |
| 07/30/2025 | Vesting date for 1,642 restricted stock units. |
| 04/06/2026 | Vesting date for 34 restricted stock units. |
Keywords
Form 4, insider trading, stock vesting, restricted stock units, Cyanotech Corp, Glenn Jensen, CYAN
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