Form 4: SeaStar Medical Director Allan Collins Receives Stock Grant in Lieu of Cash Fees

Director Allan Collins received 37,943 shares of SeaStar Medical Holding Corp common stock in lieu of cash fees for his services as a director.

Summary

• Allan Collins, a director of SeaStar Medical Holding Corp, received 37,943 shares of common stock on April 12, 2024.
• The shares were granted in lieu of a portion of cash fees owed to Collins for his services as a director.
• The shares were valued at $0 and are fully vested upon issuance.
• Following the transaction, Collins directly owns 54,343 shares of SeaStar Medical Holding Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. A director receiving stock in lieu of cash can be seen as a positive (conserving cash) or a negative (company not wanting to spend cash).

Positives

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

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, especially for smaller companies, as it helps conserve cash.

Stakeholder Impact

• Shareholders may view the stock grant as a positive sign of director alignment with company interests.
• The company conserves cash by issuing stock instead of paying cash fees.

Key Dates

Keywords

SeaStar Medical Holding Corp, Allan Collins, director, stock grant, common stock, beneficial ownership, Form 4