Form 4: Mesa Laboratories Director John James Sullivan Reports Stock Option Expiration
SEC Form 4 Filing
Director John James Sullivan reports the expiration of non-qualified stock options in Mesa Laboratories Inc.
Summary
- On April 3, 2024, John Sakys, under Power of Attorney for John Sullivan, filed a Form 4 regarding transactions in Mesa Laboratories Inc. (MLAB) securities.
- The report details the expiration of non-qualified stock options held by Sullivan.
- The non-qualified stock options, with an exercise price of $142.4, expired on April 2, 2024.
- These options were granted on April 2, 2018, and vested in five equal installments on each anniversary of the grant date.
- Sullivan directly owns the 450 shares underlying the expired options.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a standard transaction (option expiration) without indicating positive or negative performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock option plans, common in publicly traded companies.
Stakeholder Impact
- The expiration of stock options has a minimal direct impact on shareholders, employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 04/02/2018 | Grant date of the non-qualified stock options |
| 04/02/2019 | First vesting anniversary of the non-qualified stock options |
| 04/02/2024 | Expiration date of the non-qualified stock options |
| 04/03/2024 | Date of Form 4 filing |
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