Form 4: Elutia Inc. Executive Michelle LeRoux Williams Reports Stock Transactions
SEC Form 4
Michelle LeRoux Williams, Chief Scientific Officer of Elutia Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On September 10, 2024, Michelle LeRoux Williams, Chief Scientific Officer of Elutia Inc., had 12,500 Class A Common Stock shares vest from restricted stock units.
- The company withheld 3,951 shares at a price of $4.14 to satisfy tax obligations.
- Following these transactions, Williams directly owns 59,849 shares of Class A Common Stock and 112,500 restricted stock units.
- These restricted stock units represent a contingent right to receive one share of the Issuer's Class A Common Stock.
- The restricted stock units were granted on January 31, 2024, and vest in installments.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| January 31, 2024 | Reporting Person was granted 150,000 restricted stock units |
| June 10, 2024 | 1/6 of restricted stock units vest |
| September 10, 2024 | Reporting person had 12,500 Class A Common Stock shares vest from restricted stock units. |
| September 10, 2024 | 1/12 of restricted stock units vest |
| September 12, 2024 | Date of signature for the Form 4 filing. |
| December 10, 2024 | 1/12 of restricted stock units vest |
| March 10, 2025 | 1/12 of restricted stock units vest |
| June 10, 2025 | 1/12 of restricted stock units vest |
| September 10, 2025 | 1/12 of restricted stock units vest |
| December 10, 2025 | 1/12 of restricted stock units vest |
| March 10, 2026 | 1/12 of restricted stock units vest |
| June 10, 2026 | 1/12 of restricted stock units vest |
| September 10, 2026 | 1/12 of restricted stock units vest |
| December 10, 2026 | 1/12 of restricted stock units vest |
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