Form 4: Rekor Systems Chief Revenue Officer Reports Stock Transaction
SEC Form 4 Filing
Michael David Dunbar, Chief Revenue Officer of Rekor Systems, Inc., reports the withholding of 3,218 shares for tax purposes related to vesting of Restricted Stock Units on March 15, 2024.
Summary
- Michael David Dunbar, the Chief Revenue Officer of Rekor Systems, Inc., filed a Form 4 with the SEC.
- The filing reports a transaction that occurred on March 15, 2024.
- 3,218 shares of common stock were withheld for tax purposes in connection with the vesting of 9,106 Restricted Stock Units (RSUs).
- Following the transaction, Dunbar beneficially owns 69,080 shares of Rekor Systems, Inc.
- This includes 16,667 RSUs vesting on July 12, 2024, 9,105 RSUs vesting on March 15, 2025, and 8,333 RSUs vesting on March 15, 2026.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company executive. It doesn't inherently indicate positive or negative sentiment, but rather provides factual information.
Future Outlook
The document outlines the vesting schedules for remaining Restricted Stock Units (RSUs) held by the Chief Revenue Officer, extending to March 15, 2026.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects a change in the beneficial ownership of a company executive.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: 3,218 shares withheld for tax purposes related to RSU vesting. |
| 03/15/2024 | Vesting date of 9,106 Restricted Stock Units. |
| 07/12/2024 | Vesting date of 16,667 Restricted Stock Units. |
| 03/15/2025 | Vesting date of 9,105 Restricted Stock Units. |
| 03/15/2026 | Vesting date of 8,333 Restricted Stock Units. |
| 03/19/2024 | Date of Form 4 filing. |
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