Form 4: Danimer Scientific Director Gregory W. Hunt Reports Stock Unit Vesting
SEC Form 4 Filing
Director Gregory W. Hunt reports the vesting of 23,256 restricted stock units into Class A Common Stock of Danimer Scientific on June 1, 2024.
Summary
- Gregory W. Hunt, a director of Danimer Scientific, Inc., reported a transaction on June 1, 2024, involving the vesting of 23,256 restricted stock units (RSUs).
- These RSUs converted into 23,256 shares of Class A Common Stock.
- The vesting occurred as director compensation under the company's 2020 Long-Term Incentive Plan.
- The RSUs vested and became non-forfeitable on June 1, 2024, contingent upon Hunt's continued service as a director.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to director compensation, and does not inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| June 2, 2023 | Date of Limited Power of Attorney execution. |
| June 1, 2024 | Date of transaction: Vesting of restricted stock units. |
| June 1, 2024 | RSU's will vest and become non-forfeitable. |
| June 4, 2024 | Date of Form 4 filing. |
Keywords
Danimer Scientific, Director, Gregory W. Hunt, Restricted Stock Units, RSU, Vesting, Class A Common Stock, Form 4, Director Compensation, Long-Term Incentive Plan
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