ELUT.NASDAQElutia INC

Form 4: Elutia Inc. Executive Michelle LeRoux Williams Reports Stock Transactions

Sentiment:

SEC Form 4

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Michelle LeRoux Williams, Chief Scientific Officer of Elutia Inc., reports the vesting of restricted stock units and subsequent tax withholding.

Summary

  • On June 10, 2024, Michelle LeRoux Williams, Chief Scientific Officer of Elutia Inc., had 25,000 restricted stock units vest, resulting in the acquisition of 25,000 shares of Class A Common Stock.
  • The company withheld 7,900 shares to satisfy tax obligations at a price of $3.47 per share.
  • Following these transactions, Williams directly owns 17,100 shares of Class A Common Stock and 125,000 restricted stock units.
  • The restricted stock units were granted on January 31, 2024, and vest in installments.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure related to executive compensation and is required by the SEC to ensure transparency in insider trading.

Stakeholder Impact

  • Shareholders are informed about executive compensation and equity ownership.
  • The vesting and subsequent tax withholding impact the executive's personal finances.

Key Dates

DateDescription
January 31, 2024Reporting Person was granted 150,000 restricted stock units
June 10, 2024Vesting of 25,000 restricted stock units and tax withholding.
September 10, 2024Next vesting date for 1/12 of the restricted stock units.
December 10, 2024Next vesting date for 1/12 of the restricted stock units.
March 10, 2025Next vesting date for 1/12 of the restricted stock units.
June 10, 2025Next vesting date for 1/12 of the restricted stock units.
September 10, 2025Next vesting date for 1/12 of the restricted stock units.
December 10, 2025Next vesting date for 1/12 of the restricted stock units.
March 10, 2026Next vesting date for 1/12 of the restricted stock units.
June 10, 2026Next vesting date for 1/12 of the restricted stock units.
September 10, 2026Next vesting date for 1/12 of the restricted stock units.
December 10, 2026Next vesting date for 1/12 of the restricted stock units.
June 12, 2024Date of the Form 4 filing.

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