Form 4: Planet 13 CFO Dennis Logan Executes RSU Vesting
SEC Form 4 Filing
CFO Dennis Logan reports the vesting of Restricted Stock Units (RSUs) and subsequent disposition of shares to cover tax obligations.
Summary
- On March 22, 2024, Dennis Logan, CFO of Planet 13 Holdings Inc., executed transactions related to Restricted Stock Units (RSUs).
- 104,345 shares were acquired upon the vesting of RSUs at a price of $0.519 per share.
- 55,669 shares were disposed of to cover tax obligations at a price of $0.519 per share.
- Following these transactions, Logan directly owns 280,880 shares of Planet 13 Holdings Inc.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and is common for publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in outstanding shares, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 03/22/2024 | Date of RSU vesting and share disposition |
| 03/26/2024 | Date of Form 4 signature |
| 06/22/2024 | Expiration date of the Restricted Stock Units |
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