Form 4: Nlight CFO Joseph John Corso Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Joseph John Corso, CFO of Nlight, Inc., disposed of 6,128 shares of common stock on March 1, 2024, to cover tax liabilities related to vesting restricted stock units.
Summary
- On March 1, 2024, Joseph John Corso, the Chief Financial Officer of Nlight, Inc., disposed of 6,128 shares of common stock.
- The transaction was executed to cover tax liabilities associated with the vesting of restricted stock units.
- The price per share for the transaction was $13.04.
- Following the transaction, Corso beneficially owns 160,706 shares of Nlight, Inc., including common stock and unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of a routine transaction related to executive compensation and tax obligations. It doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like the CFO, trade their company's stock. This particular transaction appears to be related to tax obligations arising from the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock disposal to cover tax liability. |
| 03/05/2024 | Date of signature on the Form 4 filing. |
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