Form 4: SeaStar Medical Director Acquires Shares in Lieu of Cash Fees

Director Richard D. Russell acquires 32,322 shares of SeaStar Medical Holding Corp in lieu of cash fees for services as a director.

Summary

• Richard D. Russell, a director of SeaStar Medical Holding Corp, acquired 32,322 shares of common stock on April 12, 2024.
• The shares were granted in lieu of a portion of cash fees owed to Russell for his services as a director.
• The price per share was $0.
• Following the transaction, Russell directly owns 60,300 shares of SeaStar Medical Holding Corp.
• The shares are fully vested upon issuance.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a standard director compensation practice. The director taking shares in lieu of cash could be seen as a positive, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Industry Context

Director share acquisitions are a common occurrence in publicly traded companies and are often viewed as a sign of confidence in the company's prospects.

Related Party Transactions

• The grant of shares to the director in lieu of cash fees is a related party transaction.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it increases the number of outstanding shares.

Key Dates

Keywords

SeaStar Medical Holding Corp, Director, Share Acquisition, Form 4, ICU, Richard D. Russell, Common Stock, Director Compensation