Form 4: Stem Inc. Executive Robert Schaefer Reports Stock Transactions
SEC Form 4 Filing
Robert Schaefer, President of Transformational at Stem Inc., reports acquisition and disposal of company stock, including shares from incentive plans and sales to cover tax liabilities.
Summary
- Robert Schaefer, an officer at STEM, INC., filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On March 1, 2024, Schaefer acquired 16,747 shares of common stock and 101,096 shares related to a bonus earned under the 2023 annual incentive plan.
- Also on March 1, 2024, 16,747 Restricted Stock Units (RSUs) vested.
- On March 4, 2024, Schaefer disposed of 5,945 shares at $2.48 per share to cover tax liabilities related to the RSU settlement.
- Following these transactions, Schaefer directly owns 853,573 shares and indirectly owns 537,886 shares through a trust.
- Schaefer also holds 77,573 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 6
Explanation: The document reflects standard executive compensation practices and stock transactions, with no overtly positive or negative implications. The acquisition of shares through the incentive plan is a slightly positive signal.
Positives
- The acquisition of 101,096 shares due to the 2023 annual incentive plan suggests the company met its corporate performance goals.
Negatives
- The sale of 5,945 shares to cover tax liabilities could be perceived negatively, although it's a common practice.
Risks
- There are no specific risks mentioned in this document.
Future Outlook
There is no future outlook provided in this document.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Comparison to Industry Standards
- Executive compensation packages including stock options and RSUs are standard practice in the technology and energy sectors, aligning executive incentives with company performance.
- Similar companies like Enphase Energy and SolarEdge Technologies also utilize stock-based compensation for their executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 10-04-2023 | Date of Limited Power of Attorney |
| 03/01/2024 | Date of stock acquisition and RSU vesting |
| 03/04/2024 | Date of stock disposal for tax liability |
| 03/05/2024 | Date of Form 4 signature |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.