Form 4: Lucid Group Executive Eric Bach Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
Eric Bach, SVP, Product & Chief Engineer at Lucid Group, disposed of 64,804 shares to cover tax obligations related to settled performance stock units and restricted stock units.
Summary
- On June 5, 2024, Eric Bach, SVP, Product & Chief Engineer at Lucid Group, Inc., disposed of 64,804 shares of Class A Common Stock.
- The disposal was to cover tax withholding and remittance obligations related to the settlement of performance stock units (PSUs) and restricted stock units (RSUs).
- The price per share for the transaction was $2.85.
- Following the transaction, Bach still beneficially owns 2,118,227 shares of Lucid Group's Class A Common Stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders as it is related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of stock disposal transaction |
| 06/07/2024 | Date of signature on the Form 4 filing |
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