Form 4: IZEA Worldwide CFO Peter Biere Reports Stock Transactions
SEC Form 4
Peter Biere, CFO of IZEA Worldwide, reports the acquisition and disposal of common stock and restricted stock units on September 30, 2024.
Summary
- Peter Biere, the Chief Financial Officer of IZEA Worldwide, Inc., filed a Form 4 on October 1, 2024, detailing changes in beneficial ownership.
- On September 30, 2024, Biere acquired common stock through the vesting of restricted stock units.
- Specifically, 79, 301, 200, and 468 shares were acquired through the vesting of restricted stock units.
- Biere also disposed of 362 shares of common stock to satisfy tax withholding obligations at a price of $2.75 per share.
- Following these transactions, Biere directly owns 18,105 shares of IZEA Worldwide, Inc. common stock.
- Biere also holds derivative securities, including 1,503, 602, 6,200 and 2,808 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing, indicating standard transactions related to executive compensation and tax obligations. It doesn't inherently suggest positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
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. |
| 12/31/2022 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan on April 1, 2022 and vest in 12 equal quarterly installments commencing on June 30, 2022. |
| 04/01/2023 | Date Restricted Stock Units exercisable. |
| 04/14/2023 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan, pursuant to the reporting person's employment agreement and vest in thirty-six monthly installments. |
| 06/30/2023 | Date Restricted Stock Units exercisable. |
| 04/01/2024 | Date Restricted Stock Units exercisable. |
| 09/30/2024 | Date of earliest transaction. |
| 10/01/2024 | Date of Form 4 filing. |
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