Form 4: OmniAb Executive VP Kurt Gustafson Reports Stock Transactions
SEC Form 4
Executive VP and CFO of OmniAb, Kurt Gustafson, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On April 7, 2024, Kurt Gustafson, Executive VP and CFO of OmniAb, had 13,541 Restricted Stock Units (RSUs) vest.
- These RSUs convert into common stock on a 1:1 basis.
- Following the vesting, Gustafson directly held 183,651 shares of common stock.
- On April 8, 2024, Gustafson sold 6,954 shares at a weighted average price of $5.27 to cover tax obligations.
- After the sale, Gustafson directly held 176,697 shares of common stock.
- The sale price ranged from $5.205 to $5.345.
Sentiment
Score: 5
Explanation: This is a routine transaction disclosure, neither particularly positive nor negative.
Industry Context
This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The sale of shares could have a minor, temporary impact on the stock price.
Key Dates
| Date | Description |
|---|---|
| 04/07/2024 | Vesting of 13,541 Restricted Stock Units (RSUs) |
| 04/08/2024 | Sale of 6,954 shares of common stock at an average price of $5.27 |
| 04/09/2024 | Date of Form 4 signature |
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