Form 4: Green Plains Inc. Executive G. Patrich Simpkins Jr. Reports Acquisition and Disposal of Common Stock
SEC Form 4
G. Patrich Simpkins Jr., Chief Transformation Officer of Green Plains Inc., reports acquiring and disposing of common stock on March 10, 2025.
Summary
- On March 12, 2025, G. Patrich Simpkins Jr., Chief Transformation Officer of Green Plains Inc., filed a Form 4 with the SEC.
- The report details changes in beneficial ownership of Green Plains Inc. common stock.
- On March 10, 2025, Simpkins acquired 48,388 shares of common stock at a price of $6.2.
- Simpkins also disposed of 269,040 shares of common stock.
- Following these transactions, the report indicates Simpkins directly owns an unspecified amount of Green Plains Inc. common stock.
- The acquisition of shares is related to a grant with vesting starting on March 10, 2026, with one-third vesting on that date and subsequent one-third vesting on the next two anniversaries.
- The price of $6.2 is based on the closing price of Green Plains Inc.'s common stock on February 11, 2025, when the Compensation Committee approved the awards.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
The document outlines a vesting schedule for the acquired shares, with the first vesting date on March 10, 2026, and subsequent vesting on the next two anniversaries.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies like Green Plains Inc.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive stock ownership.
- The vesting schedule may incentivize the executive to improve company performance.
Key Dates
| Date | Description |
|---|---|
| February 11, 2025 | Date the Compensation Committee of the Board of Directors approved the awards, determining the price of $6.2 per share. |
| March 10, 2025 | Date of the transaction involving the acquisition and disposal of common stock. |
| March 10, 2026 | Date of first vesting for the granted shares, with one-third of the total shares vesting on this date. |
| March 12, 2025 | Date the Form 4 was signed. |
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