Form 4: Trevena Inc. Acting COO and CFO, Barry Shin, Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Barry Shin, Acting COO and CFO of Trevena Inc., reports the disposal of common stock to cover tax obligations upon the vesting of restricted stock units.
Summary
- On October 8, 2024, Barry Shin, the Acting COO and CFO of Trevena Inc., reported changes in beneficial ownership of the company's common stock.
- The transactions involved the disposal of shares to satisfy tax withholding obligations upon the vesting of restricted stock units (RSUs) and performance stock units.
- A total of 806 shares were disposed of at a price of $1.47 per share.
- These disposals were related to RSUs granted on December 17, 2020, December 2, 2021, January 6, 2023, and December 14, 2023, as well as performance stock units granted on January 6, 2023.
- Following these transactions, Shin directly owns 11,543 shares of Trevena Inc. common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine transactions related to executive compensation and tax obligations.
Industry Context
This filing is a routine disclosure related to executive compensation and does not necessarily indicate a change in the company's financial health or strategic direction. It is common for executives to sell shares to cover tax obligations when stock options or restricted stock units vest.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a significant change in the executive's holdings.
Key Dates
| Date | Description |
|---|---|
| December 17, 2020 | Date of RSU grant related to share withholding. |
| December 2, 2021 | Date of RSU grant related to share withholding. |
| January 6, 2023 | Date of RSU and performance stock unit grants related to share withholding. |
| December 14, 2023 | Date of RSU grant related to share withholding. |
| October 08, 2024 | Date of transaction (share disposal). |
| October 10, 2024 | Date of signature on the Form 4 filing. |
Keywords
Beneficial Ownership, Form 4, Trevena Inc, TRVN, Barry Shin, Acting COO, CFO, Restricted Stock Units, RSUs, Tax Withholding, Share Disposal
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