Form 4: Usio Director Elizabeth Michelle Miller Reports Stock Transactions
SEC Form 4 Filing
Director Elizabeth Michelle Miller reports the vesting and conversion of restricted stock units into common stock, as well as shares surrendered for tax obligations.
Summary
- On August 22, 2023, Elizabeth Michelle Miller acquired 22,223 shares of common stock at $1.79 due to the vesting and conversion of restricted stock units.
- On March 16, 2024, she acquired 2,000 shares of common stock at $1.65 due to the vesting and conversion of restricted stock units.
- Also on March 16, 2024, 500 shares were surrendered to the issuer to cover tax obligations.
- Following these transactions, Miller directly owns 23,723 shares of common stock and 48,444 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by a company director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is a common practice in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of key personnel.
Stakeholder Impact
- The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares from vested restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 06/22/2022 | Date of grant for restricted stock units that vested on 06/22/2023. |
| 06/23/2023 | Vesting date of restricted stock units granted on 06/22/2022. |
| 08/22/2023 | Date of common stock acquisition due to vesting of restricted stock units. |
| 03/16/2023 | Date of grant for restricted stock units that vested on 03/16/2024. |
| 03/16/2024 | Date of common stock acquisition and tax obligation fulfillment due to vesting of restricted stock units. |
| 03/16/2033 | Expiration date of restricted stock units granted on 03/16/2023. |
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