Form 4: Data Storage Corp Chairman Charles Piluso Exercises Restricted Stock Units

Charles Piluso, Chairman and CEO of Data Storage Corp, exercised restricted stock units (RSUs) converting into 9,416 shares of common stock on March 27, 2024.

Summary

• On March 27, 2024, Charles M. Piluso, Chairman and CEO of Data Storage Corporation, exercised 9,416 Restricted Stock Units (RSUs).
• These RSUs converted into 9,416 shares of Data Storage Corp common stock.
• The RSUs were granted on March 28, 2023, and vest in equal installments over three years.
• Following the transaction, Piluso directly owns 376,930 shares of common stock.
• Piluso also has indirect ownership through Piluso Family Associates (16,667 shares), Piluso Family Associates LLC (65,083 shares), The Lasata 2012 Trust (230,116 shares), and The Bella Vita 2012 Trust (230,116 shares).

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard disclosure of an executive exercising vested stock options, which is neither particularly positive nor negative.

Industry Context

This is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the actions of company executives and their holdings in the company's stock.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The vesting schedule of the RSUs (three years with equal installments) is a common structure for executive compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it represents a routine exercise of vested equity.

Key Dates