Form 4: Danimer Scientific Director Reports Stock Unit Vesting
SEC Form 4
Director David Jesse Moody reports the vesting of 646 restricted stock units into Class A Common Stock of Danimer Scientific on January 17, 2025.
Summary
- David Jesse Moody, a director of Danimer Scientific, Inc., reported a transaction on January 17, 2025, where 646 restricted stock units (RSUs) vested.
- These RSUs converted into 646 shares of Class A Common Stock.
- The vesting was related to an award granted as director compensation under the company's 2020 Long-Term Incentive Plan.
- The RSUs vested subject to Moody's continued service as a director.
Sentiment
Score: 5
Explanation: This is a routine filing related to director compensation, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors, offering insights into their perspective on the company's stock.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| November 12, 2024 | Danimer Scientific, Inc. common stock reverse split 1 for 40. |
| January 17, 2025 | Vesting date of 646 restricted stock units into Class A Common Stock for director David Jesse Moody. |
| January 21, 2025 | Date of signature for the report by Stephen A. Martin, attorney-in-fact. |
Keywords
Danimer Scientific, Director, Stock Units, Vesting, DNMR, Form 4, Moody, RSU, Compensation
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