Form 4: Net Power Inc. Director Joseph T. Kelliher Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Joseph T. Kelliher reports acquisition and disposal of Net Power Inc. restricted stock units.
Summary
- On June 4, 2024, Joseph T. Kelliher, a director of Net Power Inc., reported changes in beneficial ownership of the company's securities.
- Kelliher acquired 15,369 restricted stock units at a price of $0.
- Following the transaction, Kelliher directly owns 36,813 restricted stock units.
- These restricted stock units vest on June 4, 2025, contingent upon continued service as a director.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it is a standard regulatory filing. The acquisition of stock units by a director can be seen as a slightly positive sign.
Positives
- The acquisition of restricted stock units by a director signals confidence in the company's future.
Future Outlook
The vesting of restricted stock units on June 4, 2025, is contingent upon continued service as a director.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the ownership of company stock by its directors.
Key Dates
| Date | Description |
|---|---|
| 06/04/2024 | Date of transaction: Acquisition of restricted stock units. |
| 06/04/2025 | Vesting date for the restricted stock units, contingent upon continued service as a director. |
| 06/05/2024 | Date of report signature. |
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