Form 4: Hyliion Holdings Corp: Chief Strategy Officer Cheri Lantz Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Cheri Lantz, Chief Strategy Officer of Hyliion Holdings Corp, reports the disposal of 18,379 shares of common stock to cover tax liabilities related to vesting restricted stock units on February 28, 2024.
Summary
- On February 28, 2024, Cheri Lantz, the Chief Strategy Officer of Hyliion Holdings Corp, disposed of 18,379 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting and distribution of restricted stock units.
- The shares were sold at a price of $1.68 per share.
- Following the transaction, Lantz directly owns 507,994 shares of Hyliion Holdings Corp.
- The transaction was reported on February 29, 2024.
Sentiment
Score: 5
Explanation: This is a neutral filing related to stock transactions for tax purposes, 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 activity by a key executive at Hyliion Holdings Corp.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares by an executive for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of transaction: disposal of shares to cover tax liabilities. |
| 02/29/2024 | Date of report filing. |
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