Form 4: Nlight CEO Scott Keeney Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Scott Keeney, the President and CEO of Nlight, Inc., disposed of 8,864 shares of common stock on September 3, 2024, to cover tax liabilities associated with the vesting of restricted stock units.
Summary
- On September 3, 2024, Scott H Keeney, the President and CEO of NLIGHT, INC. (LASR), disposed of 8,864 shares of common stock.
- The transaction was executed to cover tax liability related to the vesting of previously reported restricted stock units.
- The shares were withheld and not issued to or sold by Mr. Keeney.
- Following the transaction, Mr. Keeney beneficially owns 1,347,781 shares of NLIGHT, INC., which includes common stock and unvested restricted stock awards.
Sentiment
Score: 5
Explanation: The document reflects a neutral event (disposal of shares for tax purposes) with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard practice of covering tax obligations related to stock vesting.
Stakeholder Impact
- The transaction has minimal direct impact on stakeholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 09/02/2024 | Signature date of the attorney-in-fact. |
| 09/03/2024 | Date of the transaction where shares were disposed of to cover tax liability. |
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