Form 4: Palisade Bio CEO John Finley Reports Stock Transactions Following RSU Vesting
SEC Form 4
CEO John Finley reports the vesting and settlement of restricted stock units (RSUs) and subsequent tax withholding, resulting in changes to his beneficial ownership of Palisade Bio stock.
Summary
- On May 28, 2024, John Finley, CEO, CFO, and Director of Palisade Bio, reported transactions related to the vesting and settlement of restricted stock units (RSUs).
- These RSUs were granted on June 8, 2023, June 11, 2023, and November 21, 2023.
- A total of 1,622, 3,335, and 2,111 shares were issued upon the vesting of these RSUs, respectively.
- Shares were withheld to cover tax obligations related to the vesting of these RSUs, with 467 shares withheld at $4.76 per share for the June 8, 2023 grant, 959 shares withheld at $4.76 per share for the June 11, 2023 grant and 607 shares withheld at $4.76 per share for the November 21, 2023 grant.
- Following these transactions, Finley directly owns 13,472 shares of common stock and indirectly owns 51 shares through FCW Investments, LLC.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting scheduled vesting of compensation. It doesn't inherently signal positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of RSUs dilutes existing shareholders' equity to a small degree.
Key Dates
| Date | Description |
|---|---|
| 2023/06/08 | Date of grant for 1,622 restricted stock units. |
| 2023/06/11 | Date of grant for 3,335 restricted stock units. |
| 2023/11/21 | Date of grant for 2,111 restricted stock units. |
| 2024/05/28 | Date of transaction: Vesting and settlement of restricted stock units and tax withholding. |
| 2024/05/30 | Date of signature on the SEC Form 4. |
Keywords
Palisade Bio, John Finley, SEC Form 4, Beneficial Ownership, Restricted Stock Units, RSU Vesting, Insider Trading
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.