Form 4: Local Bounti CFO Kathleen Valiasek Reports Acquisition and Disposal of Common Stock
SEC Form 4 Filing
Chief Financial Officer of Local Bounti Corporation, Kathleen Valiasek, reports acquisition of restricted stock units and disposal of common stock.
Summary
- Kathleen Valiasek, the CFO of Local Bounti Corporation, filed a Form 4 detailing changes in beneficial ownership.
- On April 25, 2024, Valiasek acquired 91,363 restricted stock units (RSUs) under the company's 2021 Equity Incentive Plan at a price of $0.
- These RSUs will vest in three equal installments on February 1, 2025, February 1, 2026, and February 1, 2027, contingent upon continuous service.
- Valiasek also disposed of 346,379 shares of common stock on the same day.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing, indicating a neutral sentiment. It reports transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs could potentially dilute existing shareholders' equity over time.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction: acquisition of RSUs and disposal of common stock. |
| 02/01/2025 | First vesting date for RSUs. |
| 02/01/2026 | Second vesting date for RSUs. |
| 02/01/2027 | Third vesting date for RSUs. |
| 04/26/2024 | Date of signature. |
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