Form 4: Longeveron Inc. Executive Lehr Paul T Reports Stock Transaction
SEC Form 4
Paul T. Lehr, General Counsel and Secretary of Longeveron Inc., reports disposition of shares to cover tax obligations related to vesting of restricted stock units.
Summary
- On June 3, 2024, Paul T. Lehr, the General Counsel and Secretary of Longeveron Inc. (LGVN), disposed of 325 shares of Class A Common Stock.
- The transaction was executed to satisfy tax obligations related to the vesting of a restricted stock unit award.
- The price per share was $1.04.
- Following the transaction, Lehr directly owns 142,081 shares of Longeveron Inc.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's outlook.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. This filing indicates a standard transaction related to executive compensation and tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/03/2024 | Date of stock transaction: disposition of 325 shares. |
| 06/07/2024 | Date of signature for the report. |
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.