Form 4: Skillsoft Corp. Director Lawrence Charles Illg Reports Changes in Beneficial Ownership

Lawrence Charles Illg, a director at Skillsoft Corp., filed a Form 4 disclosing transactions involving restricted stock units and phantom stock.

Summary

• On July 18, 2024, Lawrence Charles Illg, a director of Skillsoft Corp., reported changes in beneficial ownership.
• The transactions involved the vesting of 3,750 restricted stock units and 3,750 phantom stock units, each representing a contingent right to receive one share of Class A common stock.
• The restricted stock units vest on the earlier of the one-year anniversary of the grant date or the date of the Issuer's next annual meeting of stockholders following the date of grant, subject to continued service.
• The phantom stock resulted from the deferral of vested restricted stock unit award shares.
• All amounts of securities reported reflect a 1-for-20 reverse stock split that became effective September 29, 2023.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Stakeholder Impact

• The vesting of restricted stock units and phantom stock may have a minor dilutive effect on existing shareholders.

Key Dates