Form 4: Origin Materials Director Hickox Acquires Shares in Lieu of Cash Compensation

Sentiment:

SEC Form 4 Filing


Director John Hickox acquired 12,175 shares of Origin Materials common stock in lieu of cash compensation under the company's director compensation policy.

Summary

  • On September 30, 2024, John Hickox, a director of Origin Materials, Inc., acquired 12,175 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 number of shares was calculated based on the closing price per share of common stock on September 30, 2024.
  • These shares are represented by restricted stock units (RSUs) that are fully vested upon the date of grant.
  • Hickox elected to defer the receipt of these shares to a future date.
  • Following the transaction, Hickox beneficially owns 545,386 shares of Origin Materials common stock.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard transaction related to director compensation. The director accepting stock in lieu of cash is a mildly positive signal.

Positives

  • A director taking compensation in stock can be seen as a positive sign of 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

This filing is a routine disclosure related to insider transactions and director compensation, common in publicly traded companies.

Stakeholder Impact

  • The transaction could have a slightly positive impact on shareholders as it signals confidence from a director.

Key Dates

DateDescription
09/30/2024Date of transaction: Acquisition of shares in lieu of cash compensation.
10/02/2024Date of signature on the Form 4 filing.

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