EMKR.Emcore CORP

Form 4: EMCORE Corp CFO Thomas Minichiello Sells Shares to Cover Tax Obligations

Sentiment:

SEC Form 4

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Chief Financial Officer of EMCORE Corp, Thomas P. Minichiello, disposed of shares to cover tax withholding obligations related to the vesting of restricted stock units.

Summary

  • Thomas P. Minichiello, CFO of EMCORE Corp, reported the disposal of shares on March 23, 2024, to cover tax obligations.
  • The transactions involved the withholding of 2,520 shares at $0.3813 per share related to RSUs granted on March 23, 2021.
  • Additionally, 5,989 shares were withheld at $0.3813 per share related to RSUs granted on March 23, 2023.
  • Following these transactions, Minichiello directly owns 290,687 shares of EMCORE Corp common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as the filing relates to routine tax obligations and RSU vesting.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is related to tax obligations.

Key Dates

DateDescription
03/23/2021Reporting Person was granted 34,000 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date.
03/23/2023Reporting person was granted 80,800 restricted stock units (RSUs), vesting in four equal annual installments beginning on the first anniversary of the grant date.
03/23/2024Vesting date for RSUs granted in 2021 and 2023; shares withheld for tax obligations.
03/26/2024Date of signature by attorney in fact.

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