Form 4: U.S. Energy Corp. CFO Mark Zajac Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Mark Zajac, CFO of U.S. Energy Corp., reports forfeiting 20,000 shares of common stock to cover tax obligations related to vesting restricted shares.
Summary
- On June 1, 2024, Mark Zajac, CFO of U.S. Energy Corp., forfeited 20,000 shares of common stock.
- The forfeiture was to satisfy tax withholding obligations related to the vesting of 50,000 restricted shares.
- The price per share for the forfeiture was $1.11.
- Following the transaction, Zajac directly owns 260,000 shares of U.S. Energy Corp.
Sentiment
Score: 5
Explanation: The document reports a routine transaction (stock forfeiture for tax obligations), which is neither particularly positive nor negative.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates a routine transaction related to tax obligations.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the transaction (stock forfeiture). |
| 06/11/2024 | Date of report 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.