Form 4: Luminar Technologies' Chief Legal Officer Alan Prescott Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Alan Prescott, Chief Legal Officer of Luminar Technologies, reports disposing of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On June 5, 2024, Alan Prescott, the Chief Legal Officer of Luminar Technologies, Inc., reported a transaction involving Class A Common Stock.
- Prescott disposed of 39,978 shares at a price of $1.56 per share to satisfy tax withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Prescott beneficially owns 1,690,956.59 shares of Class A Common Stock directly.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't indicate a significant change in the executive's outlook on the company.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations. It doesn't necessarily reflect a change in the executive's confidence in the company, but rather a standard procedure related to stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for executives to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Date of transaction: Alan Prescott disposed of shares to cover tax obligations. |
| 06/07/2024 | Date of signature on the Form 4 filing. |
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