Form 4: IZEA Worldwide COO Ryan Schram Reports Stock Transactions
SEC Form 4 Filing
Ryan Schram, COO of IZEA Worldwide, Inc., reports the vesting and conversion of restricted stock units into common stock, along with the surrender of shares for tax obligations.
Summary
- On June 30, 2024, Ryan Schram, the Chief Operating Officer of IZEA Worldwide, Inc., engaged in multiple transactions involving restricted stock units (RSUs) and common stock.
- Schram converted various tranches of RSUs into common stock, acquiring a total of 728 shares through these conversions.
- These RSUs were granted under the company's 2011 Equity Incentive Plan at different dates and vest monthly.
- Additionally, Schram surrendered 305 shares of common stock to cover tax withholding obligations related to the vesting of the RSUs.
- Following these transactions, Schram directly owns 55,731 shares of IZEA Worldwide, Inc.
- The price per share for the tax withholding was $2.35.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and carries a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is typical for companies that utilize stock-based compensation.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the ongoing vesting of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 08/31/2020 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest in 48 equal monthly installments. |
| 11/30/2020 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest in 48 equal monthly installments. |
| 01/01/2022 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest in 48 equal monthly installments. |
| 01/31/2023 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest in 48 equal monthly installments. |
| 08/31/2023 | Restricted Stock Units were issued under the Issuer's May 2011 Equity Incentive Plan and vest in 12 equal monthly installments. |
| 11/30/2023 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest in 12 equal monthly installments. |
| 04/30/2024 | Restricted Stock Units were issued under the Issuer's 2011 Equity Incentive Plan and vest in 12 equal monthly installments. |
| 06/30/2024 | Date of transactions involving the conversion of restricted stock units and the surrender of shares for tax obligations. |
| 07/01/2024 | Date of the form filing. |
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