Form 4: Trevena CFO Barry Shin Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Barry Shin, CFO of Trevena Inc., reports the withholding of shares to cover tax obligations related to the vesting and settlement of restricted stock units.
Summary
- On September 14, 2024, Trevena Inc. withheld 3 shares of common stock from CFO Barry Shin to satisfy tax obligations related to the vesting and settlement of restricted stock units.
- Following the transaction, Shin directly owns 12,349 shares of Trevena Inc. common stock.
- The reported securities numbers have been adjusted to reflect a 1-for-25 reverse stock split that occurred on August 13, 2024.
Sentiment
Score: 5
Explanation: This Form 4 filing is a routine disclosure of a transaction related to tax obligations and doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
This is a standard SEC Form 4 filing, reflecting a common practice of companies withholding shares to cover employee tax obligations related to equity compensation. It doesn't necessarily indicate anything specific about Trevena's performance or outlook compared to its peers.
Stakeholder Impact
- The withholding of shares to cover tax obligations has a negligible impact on shareholders.
Key Dates
| Date | Description |
|---|---|
| September 14, 2021 | Date of grant of restricted stock units related to the tax withholding. |
| August 13, 2024 | Date of 1-for-25 reverse stock split. |
| September 14, 2024 | Date of the share withholding transaction. |
| September 17, 2024 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Beneficial Ownership, Barry Shin, Trevena Inc, TRVN, Tax Withholding, Restricted Stock Units, Reverse Stock Split, CFO
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