Form 4: IZEA Worldwide CFO Peter Biere Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Peter Biere, CFO of IZEA Worldwide, Inc., filed a Form 4 detailing changes in his beneficial ownership of the company's stock due to the vesting of restricted stock units and shares surrendered for tax obligations.
Summary
- On April 30, 2024, Peter Biere, the CFO of IZEA Worldwide, Inc., reported changes in his beneficial ownership of the company's common stock.
- These changes involve the vesting of restricted stock units (RSUs) and the subsequent surrender of shares to cover tax withholding obligations.
- Specifically, 78 and 154 shares were acquired through the vesting of RSUs, while 93 shares were disposed of to satisfy tax obligations at a price of $2.78 per share.
- Following these transactions, Biere directly owns 9,296 shares of common stock and 23,795 restricted stock units.
- The reported RSUs vest over different schedules, with some vesting monthly and others quarterly.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| 04/01/2022 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest 25% after one year and then 75% in 36 equal monthly installments commencing on the last day of each succeeding month thereafter. |
| 05/19/2022 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest quarterly over 36 months. |
| 04/30/2024 | Date of the reported transactions, including vesting of RSUs and tax withholding. |
| 04/30/2024 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest over a three-year term, one-third vesting 12 months from the grant date and then in equal quarterly installments after that. |
| 05/01/2024 | Date of signature for the Form 4 filing. |
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