Form 4: iRobot CEO Glen Weinstein Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Glen Weinstein, CEO of iRobot Corp, reports acquisition and disposal of common stock and restricted stock units.
Summary
- Glen Weinstein, CEO of iRobot Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 8, 2024, Weinstein acquired 115,163 shares of common stock at $0, likely through a restricted stock unit award.
- On March 10, 2024, Weinstein disposed of 3,588 shares of common stock at $10.42 to cover tax withholding obligations upon vesting of restricted stock units.
- Following these transactions, Weinstein directly owns 193,662 shares of iRobot Corp.
- The restricted stock units vest 100% on the first anniversary of the grant date and will be delivered to the reporting person as soon as practicable following the vesting date, but in no event later than 30 days after such vesting date.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting changes in beneficial ownership, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Glen Weinstein acquired 115,163 shares of iRobot common stock. |
| 03/10/2024 | Glen Weinstein disposed of 3,588 shares of iRobot common stock to cover tax obligations. |
| 03/11/2024 | Date of signature of the Form 4 filing. |
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