Form 4: EMCORE CFO Thomas Minichiello Reports Stock Transactions Following RSU Vesting

Thomas Minichiello, CFO of EMCORE Corporation, reports acquisition of restricted stock units and disposition of common stock to cover tax obligations.

Summary

• Thomas P. Minichiello, CFO of EMCORE Corporation, reported transactions involving EMCORE's securities.
• On June 14, 2024, Minichiello acquired 76,400 restricted stock units (RSUs).
• Following this transaction, he directly owns 105,469 RSUs.
• On June 15, 2024, Minichiello disposed of 882 shares of common stock at a price of $0.861 per share to cover tax withholding obligations related to the vesting of RSUs.
• After the transaction, Minichiello directly owns 104,587 shares of EMCORE common stock.
• The reported securities have been adjusted to reflect the 10-for-1 reverse stock split effective on April 1, 2024.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment, as it simply reports facts.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of EMCORE's CFO. It is standard practice for company executives to report stock transactions to the SEC.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
• The disclosure provides transparency to shareholders regarding insider transactions.

Key Dates