Form 4: Nlight CEO Scott Keeney Disposes of Shares to Cover Tax Liability
SEC Form 4 Filing
Scott Keeney, CEO of Nlight, Inc., disposed of 15,248 shares of common stock on March 1, 2024, to cover tax liabilities associated with vesting restricted stock units.
Summary
- On March 1, 2024, Scott H Keeney, the President and CEO of NLIGHT, INC. disposed of 15,248 shares of common stock.
- The transaction was executed to cover tax liability related to the vesting of restricted stock units.
- The shares were disposed of at a price of $13.04 per share.
- Following the transaction, Keeney directly owns 1,240,266 shares of NLIGHT, INC., which includes common stock, unvested restricted stock awards, and units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as the CEO, ensuring fair market practices.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction: Scott Keeney disposed of shares to cover tax liability. |
| 03/05/2024 | Date of signature by attorney-in-fact Julie Dimmick. |
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