Form 4: MultiSensor AI Holdings Executive Peter Baird Reports Stock Disposals to Cover Tax Obligations

Peter Baird, Chief Commercial Officer of MultiSensor AI Holdings, reports disposing of shares to cover tax withholding obligations related to vested Restricted Stock Units (RSUs).

Summary

• On February 4, 2025, Peter Baird, the Chief Commercial Officer of MultiSensor AI Holdings, reported the disposal of 6,850 shares of common stock at a price of $1.31.
• These shares were withheld to satisfy tax withholding obligations upon the settlement of fully vested RSUs granted on April 1, 2024.
• Each RSU represents a contingent right to receive one share of the Issuer's common stock and does not expire.
• The RSUs will be settled in shares of common stock in 12 equal monthly installments beginning on December 22, 2024.
• Additionally, 11,450 shares were disposed of on the same day at $1.31 to cover tax obligations for RSUs that vested on January 1, 2024.
• Following these transactions, Baird directly owns 917,088 shares of MultiSensor AI Holdings.
• The transactions were reported on Form 4, filed with the SEC on February 6, 2025.

Sentiment

Score: 5

Explanation: This is a neutral event related to standard executive compensation practices and tax obligations. It doesn't indicate a positive or negative outlook for the company.

Industry Context

This is a routine filing related to executive compensation and tax obligations. It's common for executives to sell shares to cover taxes when stock options or RSUs vest.

Stakeholder Impact

• The disposal of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, SEC Filing, Insider Trading, Stock Disposal, Restricted Stock Units, Tax Withholding, MultiSensor AI Holdings, MSAI, Peter Baird