Form 4: Data Storage Corp Executive Thomas Kempster Disposes of Shares Via RSU Conversion
SEC Form 4
EVP Thomas Kempster converted 8,333 restricted stock units into common stock of Data Storage Corp on April 10, 2024.
Summary
- On April 10, 2024, Thomas Kempster, an Executive Vice President at Data Storage Corp, converted 8,333 restricted stock units (RSUs) into common stock.
- This transaction was reported on April 12, 2024.
- Following the transaction, Kempster directly owns 828,676 shares of Data Storage Corp common stock.
- The RSUs converted were part of a grant from April 10, 2023, which vests in three equal annual installments.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a routine executive stock transaction.
Industry Context
Executive stock transactions are routinely monitored by investors as they can provide insights into management's perspective on the company's valuation and future prospects. RSU conversions are a common form of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 04/10/2023 | Date of RSU grant to Thomas Kempster, vesting over three years. |
| 04/10/2024 | Date of RSU conversion to common stock by Thomas Kempster. |
| 04/12/2024 | Date of Form 4 filing. |
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