Form 4: Flux Power Holdings Director Michael Johnson Reports Stock Transactions
SEC Form 4
Director Michael Johnson reports the vesting and conversion of restricted stock units into common stock of Flux Power Holdings.
Summary
- On April 29, 2024, Michael Johnson, a director of Flux Power Holdings, Inc., reported the vesting of 1,526 restricted stock units (RSUs) which converted into 1,526 shares of common stock.
- These RSUs were part of an award granted on April 29, 2021, under the company's 2014 Equity Incentive Plan.
- The RSUs vested in three equal installments: April 29, 2022, April 29, 2023, and April 29, 2024.
- Following the reported transaction, Johnson beneficially owns 4,339,010 shares, including shares held directly and indirectly through Esenjay Investments, LLC.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| April 29, 2021 | Date of the original grant of 4,578 Restricted Stock Units (RSUs). |
| April 29, 2022 | One third of the original grant of 4,578 RSUs vested. |
| April 29, 2023 | A subsequent one third of the original grant of 4,578 RSUs vested. |
| April 29, 2024 | Remaining one third of the original grant of 4,578 RSUs vested, and the transaction was reported. |
| April 30, 2024 | Date of signature on the Form 4 filing. |
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