Form 4: MultiSensor AI Holdings Officer Peter W. Baird Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Peter W. Baird, Chief Commercial Officer of MultiSensor AI Holdings, Inc., reports disposing of shares to cover tax withholding obligations related to RSU settlements.
Summary
- On February 4, 2025, Peter W. Baird, the Chief Commercial Officer of MultiSensor AI Holdings, Inc. (MSAI), disposed 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.
- Additionally, 11,450 shares were disposed of at the same price ($1.31) to cover tax obligations for RSUs that vested on January 1, 2024.
- Following these transactions, Baird beneficially owns 935,388 shares of MultiSensor AI Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency into insider transactions.
Stakeholder Impact
- The disposal of shares by an officer could have a minor impact on shareholder sentiment, but is likely immaterial given the reason for the disposal (tax obligations).
Key Dates
| Date | Description |
|---|---|
| April 1, 2024 | Date of RSU grant, settled in monthly installments beginning December 22, 2024. |
| January 1, 2024 | Date RSUs vested. |
| December 22, 2024 | Start date of monthly installments for RSU settlement. |
| February 4, 2025 | Date of stock disposal for tax obligations. |
| February 6, 2025 | Date of signature on the Form 4 filing. |
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