Form 4: Rekor Systems Executive Reports Stock Transaction
SEC Form 4 Filing
Debra Shakerdge-Hennessy, Chief People Officer of Rekor Systems, reports the withholding of shares for tax purposes related to vesting Restricted Stock Units.
Summary
- On March 15, 2024, Debra Shakerdge-Hennessy, Chief People Officer of Rekor Systems, Inc., had 1,156 shares of common stock withheld for tax purposes.
- This was in connection with the vesting of 3,334 Restricted Stock Units (RSUs).
- Following the transaction, Shakerdge-Hennessy beneficially owns 35,379 shares of Rekor Systems, Inc.
- This includes 6,666 RSUs vesting in equal installments on March 15, 2025, and March 15, 2026, and 10,000 RSUs vesting on January 1, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Future Outlook
The document outlines future vesting dates for RSUs held by the reporting person, extending into 2026.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice across publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it involves the withholding of shares for tax purposes related to existing equity compensation.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of transaction: 1,156 shares withheld for tax purposes in connection with the vesting of 3,334 Restricted Stock Units (RSUs). |
| 03/15/2025 | Vesting date for equal installments of 6,666 RSUs. |
| 03/15/2026 | Vesting date for equal installments of 6,666 RSUs. |
| 01/01/2025 | Vesting date for 10,000 RSUs. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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