Form 4: Intuitive Machines CEO Stephen Altemus Reports Stock Transactions
SEC Form 4 Filing
Intuitive Machines CEO Stephen Altemus reports the disposition of shares to cover tax obligations and the acquisition of restricted stock units.
Summary
- On February 7, 2025, Stephen Altemus, CEO of Intuitive Machines, engaged in transactions involving Class A Common Stock.
- Altemus disposed of 60,962 shares to cover tax obligations at a price of $18.4 per share.
- He also acquired 190,218 shares of Class A Common Stock in the form of restricted stock units (RSUs) at a price of $0.
- Following these transactions, Altemus directly owns 1,040,175 shares of Class A Common Stock.
- The RSUs vest in four equal annual installments starting on February 7, 2026.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations, without indicating any significant positive or negative developments for the company.
Positives
- The acquisition of 190,218 restricted stock units by the CEO demonstrates a continued alignment of interests with shareholders.
Future Outlook
The CEO's restricted stock units will vest in four equal annual installments beginning on February 7, 2026.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors regarding the actions of company executives and directors.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units to incentivize long-term performance and align executive interests with shareholder value, a common practice among publicly traded companies.
- The vesting schedule of four equal annual installments is a typical structure for RSUs.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding the CEO's stock ownership and compensation structure.
Key Dates
| Date | Description |
|---|---|
| 02/07/2025 | Date of stock disposition and RSU acquisition. |
| 02/07/2026 | First vesting date for the restricted stock units. |
| 02/11/2025 | Date of signature for the Form 4 filing. |
Keywords
Intuitive Machines, LUNR, Stephen Altemus, CEO, Form 4, Stock Transaction, Restricted Stock Units, RSUs, Beneficial Ownership, Class A Common Stock
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