Form 4: Usio Director Brad Rollins Reports Stock Transactions
SEC Form 4 Filing
Director Brad Rollins reports the vesting and conversion of restricted stock units into common stock of Usio, Inc.
Summary
- On March 20, 2024, Brad Rollins, a director of Usio, Inc., filed a Form 4.
- The form reports a transaction that occurred on March 16, 2024, where 7,000 shares of common stock were acquired due to the vesting and conversion of restricted stock units.
- These restricted stock units were granted on March 16, 2023, and vested on March 16, 2024.
- The price per share for the conversion was $1.65.
- Following the transaction, Rollins directly owns 111,667 shares of Usio, Inc. common stock and 18,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction increases the number of outstanding shares, which could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Date restricted stock units were granted to Brad Rollins |
| 03/16/2024 | Date of transaction: vesting and conversion of restricted stock units into common stock |
| 03/16/2024 | Restricted stock units vested |
| 03/16/2033 | Expiration date of restricted stock units |
| 03/20/2024 | Date Form 4 was filed |
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