Form 4: Everspin Technologies Director Douglas M. Mitchell Receives Stock Options
SEC Form 4 Filing
Director Douglas M. Mitchell of Everspin Technologies received 28,248 restricted stock units on March 13, 2024.
Summary
- On March 13, 2024, Douglas M. Mitchell, a director at Everspin Technologies, was granted 28,248 restricted stock units.
- These restricted stock units vest in two equal installments: 50% on February 26, 2025, and the remaining 50% on February 26, 2026.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock options, so the sentiment is neutral.
Positives
- The grant of restricted stock units to a director aligns their interests with those of the shareholders, potentially incentivizing them to work towards the company's long-term success.
Industry Context
Stock options and restricted stock units are common forms of compensation for directors and executives in technology companies, aligning their interests with shareholders and incentivizing long-term growth.
Stakeholder Impact
- The granting of stock options can have a positive impact on shareholders by aligning management's interests with theirs.
Key Dates
| Date | Description |
|---|---|
| 03/13/2024 | Date of transaction: Douglas M. Mitchell received 28,248 restricted stock units. |
| 02/26/2025 | 50% of the restricted stock units vest. |
| 02/26/2026 | Remaining 50% of the restricted stock units vest. |
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