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

Director Bruce M. Rodgers receives 36,537 shares of SeaStar Medical Holding Corp common stock in lieu of cash fees for director services.

Summary

• Bruce M. Rodgers, a director of SeaStar Medical Holding Corp, received 36,537 shares of common stock on April 12, 2024.
• The shares were granted in lieu of a portion of cash fees owed to Rodgers for his services as a director.
• The shares were valued at $0 and are fully vested upon issuance.
• Following the transaction, Rodgers beneficially owns 44,515 shares of SeaStar Medical Holding Corp.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director accepting stock in lieu of cash suggests confidence in the company's prospects. However, it's a routine transaction.

Positives

• The acceptance of stock in lieu of cash fees demonstrates the director's confidence in the company's future.
• The shares are fully vested upon issuance, aligning the director's interests with those of the shareholders.

Industry Context

Directors accepting stock in lieu of cash compensation is a common practice, especially in growth-oriented companies, as it conserves cash and aligns the director's interests with shareholders.

Stakeholder Impact

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

Key Dates

Keywords

SeaStar Medical Holding Corp, Director, Stock Grant, Form 4, Beneficial Ownership, Rodgers, ICU