4/A: EMCORE Director Cletus Glasener Corrects Stock Ownership in Amended SEC Filing

Director Cletus Glasener files an amended SEC Form 4 to correct the number of EMCORE shares beneficially owned, following a previous filing error.

Summary

• Cletus Glasener, a director of EMCORE Corporation, filed an amended Form 4 with the SEC on April 10, 2024.
• This amendment corrects an error in the number of shares of common stock reported as beneficially owned in a previous Form 4 filed on April 10, 2024.
• The corrected filing shows that Glasener beneficially owns 42,966 shares, including 36,377 restricted stock units (RSUs) granted on April 9, 2024.
• These RSUs vest on the earliest of (i) the first anniversary of the grant date, (ii) the date immediately prior to the Issuer's 2025 annual meeting of shareholders, (iii) the consummation of a Change in Control, or (iv) the non-employee director's death or termination of service on the Board due to Disability, subject to continued service as a non-employee director.

Sentiment

Score: 7

Explanation: The document is a routine regulatory filing correcting a previous error. It doesn't contain any significantly positive or negative news, but accuracy in reporting is generally viewed favorably.

Future Outlook

The vesting of the restricted stock units is contingent upon continued service as a non-employee director and other conditions as defined in the Equity Plan.

Industry Context

This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies. It provides transparency into the alignment of director interests with shareholder value.

Stakeholder Impact

• Shareholders benefit from accurate reporting of director stock ownership.

Key Dates