Form 4: Origin Materials Director Acquires Shares in Lieu of Cash Compensation
SEC Form 4 Filing
Director John Hickox acquired 28,254 shares of Origin Materials common stock in lieu of cash compensation under the company's director compensation policy.
Summary
- On March 31, 2025, John Hickox, a director of Origin Materials, Inc., acquired 28,254 shares of common stock.
- The acquisition was made in lieu of cash compensation under the Issuer's Amended and Restated Non-Employee Director Compensation Policy.
- The price per share was $0.6636.
- Following the transaction, Hickox beneficially owns 588,288 shares of Origin Materials common stock directly.
- The shares were received as restricted stock units (RSUs), which are fully vested upon grant but deferred to a future date per a Deferral Election Form.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. A director taking shares in lieu of cash is generally a good sign, but it's a standard compensation practice.
Positives
- The director's decision to take shares in lieu of cash demonstrates confidence in the company's future.
Future Outlook
The reporting person has elected to defer the receipt of such shares to a future date.
Industry Context
Director share acquisitions are common and can be seen as a positive sign, indicating confidence in the company's prospects. The use of RSUs as compensation is also a standard practice.
Related Party Transactions
- The acquisition of shares by John Hickox, a director, in lieu of cash compensation is a related party transaction.
Stakeholder Impact
- The transaction could have a slightly positive impact on shareholders as it signals confidence from a company director.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Acquisition of shares in lieu of cash compensation. |
| 04/02/2025 | Date of signature on the Form 4 filing. |
Keywords
Origin Materials, Director, Share Acquisition, Common Stock, Compensation, RSU, Hickox, ORGN
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