Form 4: Danimer Scientific Director Cynthia Cohen Awarded Restricted Stock Units

Director Cynthia Cohen received 95,652 restricted stock units (RSUs) of Danimer Scientific Class A common stock as part of director compensation.

Summary

• Cynthia R Cohen, a director of Danimer Scientific, Inc., was granted 95,652 restricted stock units (RSUs) on July 18, 2024.
• The RSUs were awarded as director compensation under the company's 2020 Long-Term Incentive Plan.
• Each RSU represents the right to receive one share of Danimer Scientific Class A Common Stock.
• The RSUs will vest on July 9, 2025, contingent upon Cohen's continued service as a director of the company.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral event with a slightly positive implication for governance.

Positives

• The grant of RSUs aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Industry Context

Grants of restricted stock units are a common form of compensation for directors of publicly traded companies, aligning their interests with those of shareholders.

Stakeholder Impact

• Shareholders may view the RSU grant as a positive incentive for the director to contribute to the company's long-term success.

Key Dates

Keywords

Danimer Scientific, Director Compensation, Restricted Stock Units, RSU, DNMR, Incentive Plan, Vesting