Form 4: Trevena Inc. Acting CEO Carrie L. Bourdow Reports Changes in Beneficial Ownership
SEC Form 4
Carrie L. Bourdow, Acting CEO of Trevena Inc., reports the withholding of shares to cover tax obligations upon the vesting of restricted stock units.
Summary
- On October 8, 2024, Carrie L. Bourdow, Acting CEO of Trevena Inc., reported changes in beneficial ownership of the company's common stock.
- The changes reflect shares withheld to satisfy tax withholding obligations upon the vesting and settlement of restricted stock units (RSUs) granted on various dates.
- A total of 1,822 shares were withheld at a price of $1.47 per share.
- The reported transactions decreased Bourdow's direct ownership to 23,894 shares of common stock.
- The number of securities reported on this Form 4 has been adjusted to reflect the reverse stock split.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vested stock, so it's neutral in sentiment.
Industry Context
Form 4 filings are standard practice for company insiders to report changes in their ownership of company stock, providing transparency to investors.
Stakeholder Impact
- The transactions reported have a minor impact on shareholders as they reflect routine tax-related share withholdings.
Key Dates
| Date | Description |
|---|---|
| December 17, 2020 | Date of grant for some of the restricted stock units (RSUs). |
| December 2, 2021 | Date of grant for some of the restricted stock units (RSUs). |
| January 6, 2023 | Date of grant for some of the restricted stock units (RSUs) and performance stock units. |
| December 14, 2023 | Date of grant for some of the restricted stock units (RSUs). |
| August 13, 2024 | Date of the 1-for-25 reverse stock split. |
| October 8, 2024 | Date of the reported transactions (share withholding for tax obligations). |
| October 10, 2024 | Date of signature for the Form 4 filing. |
Keywords
beneficial ownership, Form 4, Trevena Inc., stock, Carrie L. Bourdow, RSUs, tax withholding, reverse stock split
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