Form 4: Trevena Inc. Executive Robert Yoder Reports Share Withholding for Tax Obligations

Robert Yoder, SVP and Chief Business Officer of Trevena Inc., reports the withholding of 487 common stock shares to cover tax obligations related to vested restricted stock units and performance stock units.

Summary

• On September 14, 2024, Robert Yoder, SVP and Chief Business Officer of Trevena Inc., had 487 shares of common stock withheld by the issuer to satisfy tax obligations.
• This withholding was related to the vesting and settlement of restricted stock units (RSUs) and performance stock units (PSUs).
• The RSUs were granted on December 17, 2020, December 2, 2021, January 6, 2023, and December 14, 2023, and the PSUs were granted on January 6, 2023.
• The vesting of these units was accelerated due to the termination of Yoder's previous employment agreement and transition to a new agreement.
• Following the transaction, Yoder directly owns 5,868 shares of Trevena Inc. common stock.
• The issuer effected a 1-for-25 reverse stock split of its common stock on August 13, 2024, and the number of securities reported on this Form 4 has been adjusted to reflect the reverse stock split.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about stock ownership changes.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, which are common occurrences in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it reflects an executive's stock ownership changes due to tax obligations.

Key Dates

Keywords

Form 4, Trevena Inc, Robert Yoder, stock withholding, tax obligations, RSUs, PSUs, insider transaction, reverse stock split