Form 4: SmartRent CFO Daryl Stemm Reports Stock Transactions
SEC Form 4
CFO Daryl Stemm reports transactions involving SmartRent, Inc. Class A Common Stock and Restricted Stock Units.
Summary
- On August 18 and 19, 2024, Daryl Stemm, CFO of SmartRent, Inc., reported transactions involving Class A Common Stock and Restricted Stock Units.
- These transactions included the vesting of Restricted Stock Units and the subsequent disposition of shares to cover tax obligations.
- On August 18, 2024, 833 shares were acquired through the vesting of Restricted Stock Units and 349 shares were disposed of at a price of $1.59.
- On August 19, 2024, 2,544 shares were acquired through the vesting of Restricted Stock Units and 1,065 shares were disposed of at a price of $1.56.
- Following these transactions, Stemm directly owns 54,852 shares of Class A Common Stock and 20,353 Restricted Stock Units related to the 04/19/2022 grant and 14,167 Restricted Stock Units related to the 01/18/2023 grant.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock transactions by a company executive; it doesn't inherently indicate positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates that Stemm is meeting the conditions of his equity compensation plan.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the CFO's compensation and ownership stake in the company.
Key Dates
| Date | Description |
|---|---|
| 04/19/2022 | One-fourth of the Restricted Stock Units vested on this date, with the remaining vesting in 1/48 equal monthly installments until vested in full. |
| 01/18/2023 | One-fourth of the Restricted Stock Units vested on this date, with the remaining vesting in 1/48 equal monthly installments until vested in full. |
| 08/18/2024 | Transaction date: Vesting of 833 Restricted Stock Units and disposition of 349 shares at $1.59. |
| 08/19/2024 | Transaction date: Vesting of 2,544 Restricted Stock Units and disposition of 1,065 shares at $1.56. |
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