Form 4: Heliogen CFO Morris Robert Phelps Reports Tax Withholding on Restricted Stock Units
SEC Form 4 Filing
Chief Financial Officer of Heliogen, Morris Robert Phelps, reports the withholding of shares by the issuer to cover income tax obligations related to vesting restricted stock units.
Summary
- On April 1, 2025, Heliogen withheld 5,560 shares of common stock from CFO Morris Robert Phelps to satisfy income tax obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $0.8317 per share.
- Following the transaction, Phelps directly owns 69,440 shares of Heliogen common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard tax withholding procedures, with no inherent positive or negative implications for the company's overall outlook.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Stakeholder Impact
- The transaction has a minor impact on the total number of outstanding shares due to the withholding.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of transaction (tax withholding) |
| 04/02/2025 | Date of signature on the Form 4 filing |
Keywords
Heliogen, Morris Robert Phelps, CFO, Form 4, Tax Withholding, Restricted Stock Units, HLGN, Beneficial Ownership
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