Form 4: Karat Packaging Inc. Chief Revenue Officer Daniel Quire Reports Stock Transactions
SEC Form 4 Filing
Daniel Quire, Chief Revenue Officer of Karat Packaging Inc., reports the vesting of restricted stock units and subsequent disposal of shares.
Summary
- On May 12, 2024, Daniel Quire, the Chief Revenue Officer of Karat Packaging Inc., had 8,000 restricted stock units (RSUs) vest.
- These RSUs converted into 8,000 shares of Karat Packaging Inc.'s common stock on a one-for-one basis.
- Following the vesting, Quire disposed of 8,000 shares.
- After the reported transactions, Quire directly owns 13,692 shares of Karat Packaging Inc.'s common stock and 16,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Reporting person was granted 24,000 RSUs. |
| 05/12/2024 | Date of earliest transaction; 8,000 RSUs vested and converted to common stock. |
| 05/13/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.