DTST.NASDAQData Storage CORP

Form 4: Data Storage Corp CFO Christos Panagiotakos Reports Stock Unit Vesting

Sentiment:

SEC Form 4

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Christos Panagiotakos, CFO of Data Storage Corp, reports the vesting of restricted stock units into common stock on February 29, 2024.

Summary

  • On February 29, 2024, Christos Panagiotakos, the Chief Financial Officer of Data Storage Corporation, had 4,902 restricted stock units (RSUs) vest and convert into common stock.
  • This transaction is reported on a Form 4 filing with the SEC.
  • Following the transaction, Panagiotakos directly owns 24,100 shares of common stock and 9,804 restricted stock units.
  • The RSUs were granted on March 1, 2023, and vest in three equal annual installments starting on February 29, 2024, subject to continued service.

Sentiment

Score: 5

Explanation: This is a neutral event, reflecting scheduled vesting of stock units as part of executive compensation.

Industry Context

This is a standard SEC Form 4 filing, reflecting changes in beneficial ownership by a company insider. It's a routine part of executive compensation and doesn't necessarily indicate a change in the company's financial health or strategic direction.

Stakeholder Impact

  • The vesting of RSUs may have a minor dilutive effect on existing shareholders.

Key Dates

DateDescription
03/01/2023Date of RSU grant to the Reporting Person
02/29/2024Date of earliest transaction (RSU vesting)
02/29/2024First vesting date of the RSU grant.
02/28/2025Second vesting date of the RSU grant.
02/28/2026Third vesting date of the RSU grant.
03/05/2024Date of signature on the Form 4 filing.

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