Form 4: Redwire Corp Chairman and CEO Peter Cannito Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Peter Cannito, Chairman and CEO of Redwire Corp, reports the withholding of shares for taxes and acquisition of shares through the employee stock purchase plan.
Summary
- On July 1, 2024, Peter Cannito, Chairman and CEO of Redwire Corp, reported changes in beneficial ownership of the company's stock.
- 8,524 shares were withheld for taxes due in connection with the vesting of restricted stock units at a price of $6.94 per share.
- Cannito also acquired 5,000 shares through Redwire Corporation's employee stock purchase plan.
- Following these transactions, Cannito beneficially owns 324,526 shares of Redwire Corp.
- Cannito has granted a Power of Attorney to Aaron Futch, James H. Romaker, Alex Schwartz and Robert Hayward to handle Section 16 reporting obligations.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Positives
- The acquisition of 5,000 shares through the employee stock purchase plan indicates Cannito's continued investment in the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Key Dates
| Date | Description |
|---|---|
| July 1, 2024 | Date of transaction and Power of Attorney execution. |
| July 3, 2024 | Date of signature for the report. |
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