Form 4: Nlight CEO Scott Keeney Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Scott Keeney disposed of 5,903 shares of Nlight, Inc. to cover tax liabilities related to vesting of performance-based restricted stock awards (PRSAs).
Summary
- On August 19, 2024, Scott H Keeney, the President and CEO of NLIGHT, INC. (LASR), disposed of 5,903 shares of common stock.
- The transaction was executed to cover tax liability associated with the vesting of previously reported performance-based restricted stock awards (PRSAs).
- The shares were disposed of at a price of $11.72 per share.
- Following the transaction, Keeney directly owns 1,356,645 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 related to stock transactions by an insider to cover tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for covering tax liabilities.
Key Dates
| Date | Description |
|---|---|
| 08/19/2024 | Date of transaction: Disposal of 5,903 shares of common stock. |
| 08/21/2024 | Date of signature on the Form 4 filing. |
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