Form 4: OmniAb Director Jennifer R. Cochran Reports Stock Vesting
SEC Form 4 Filing
Director Jennifer R. Cochran reports the vesting of Restricted Stock Units (RSUs) into Common Stock of OmniAb, Inc.
Summary
- On July 12, 2024, Jennifer R. Cochran, a director of OmniAb, Inc. (OABI), reported the vesting of 1,896 Restricted Stock Units (RSUs) into Common Stock.
- This transaction occurred pursuant to Section 16(a) of the Securities Exchange Act of 1934.
- Following the transaction, Cochran directly owns 115,274 shares of Common Stock and 20,000 Restricted Stock Units.
- The RSUs vest in two equal annual installments, starting July 12, 2023, contingent upon continued service to the Issuer.
Sentiment
Score: 5
Explanation: This is a routine transaction related to executive compensation and has a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of previously granted equity compensation.
Stakeholder Impact
- The vesting of RSUs has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| July 12, 2023 | Beginning date of RSU vesting in two equal annual installments |
| July 12, 2024 | Date of transaction: Vesting of 1,896 Restricted Stock Units |
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