Form 4: Fluence Energy Executive Peter Bennett Williams Reports Stock Transactions
SEC Form 4 Filing
Peter Bennett Williams, SVP & CSCMO of Fluence Energy, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On July 17, 2024, Peter Bennett Williams, SVP & CSCMO of Fluence Energy, had 8,589 restricted stock units (RSUs) vest, which converted into Class A Common Stock.
- A portion of the shares (3,416) were withheld to cover income tax obligations at a price of $17.01 per share.
- Following these transactions, Williams directly owns 5,173 shares of Class A Common Stock and 17,176 restricted stock units.
- The RSUs vest in three equal annual installments starting July 17, 2024, and continuing on July 17, 2025, and July 17, 2026.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation; it doesn't inherently indicate positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest in two equal annual installments on July 17, 2025, and July 17, 2026.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction affects the executive's holdings in the company, which may be of interest to shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/17/2024 | Date of transaction: vesting of restricted stock units and tax withholding. |
| 07/17/2024 | First installment vesting date for restricted stock units. |
| 07/17/2025 | Second installment vesting date for restricted stock units. |
| 07/17/2026 | Final installment vesting date for restricted stock units. |
| 07/19/2024 | Date of Form 4 filing. |
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