Form 4: Elutia Inc. CEO C. Randal Mills Reports Stock Transactions Following RSU Vesting
SEC Form 4 Filing
C. Randal Mills, CEO of Elutia Inc., reports the acquisition and disposal of Class A Common Stock related to the vesting of restricted stock units.
Summary
- On June 21, 2024, C. Randal Mills, the President and CEO of Elutia Inc., engaged in transactions involving the company's Class A Common Stock.
- These transactions were related to the vesting of restricted stock units (RSUs).
- Mills acquired 22,473 shares of Class A Common Stock upon the vesting of RSUs.
- The company withheld 8,019 shares to satisfy tax withholding requirements at a price of $3.5 per share.
- Following these transactions, Mills directly owns 129,967 shares of Class A Common Stock and 44,946 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an insider, with no inherent positive or negative sentiment. It reflects routine compensation practices.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/21/2022 | Reporting Person was granted 89,893 restricted stock units, vesting in four substantially equal annual installments beginning in June 21, 2023. |
| 06/21/2023 | First vesting date of restricted stock units granted on June 21, 2022. |
| 06/21/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 06/25/2024 | Date of Form 4 filing. |
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