4/A: Usio Director Exercises Restricted Stock Units
SEC Form 4/A
Director Ernesto R. Beyer del la Garza exercised restricted stock units of Usio, Inc. on March 16, 2024, acquiring 7,000 shares of common stock.
Summary
- On March 16, 2024, Ernesto R. Beyer del la Garza, a director of Usio, Inc., exercised restricted stock units.
- This transaction resulted in the acquisition of 7,000 shares of Usio, Inc. common stock at a price of $1.65 per share.
- The shares were obtained through the vesting and conversion of restricted stock units granted on March 16, 2023, which vested on March 16, 2024.
- Following the transaction, Beyer del la Garza directly owns 67,666 shares of Usio, Inc. common stock and 18,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral event, simply reporting the exercise of stock options by a director. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction has a minor dilutive effect on existing shareholders due to the issuance of new shares.
Key Dates
| Date | Description |
|---|---|
| 03/16/2023 | Date restricted stock units were granted. |
| 03/16/2024 | Date of transaction (exercise of restricted stock units) and vesting date of restricted stock units. |
| 03/16/2024 | Date of amendment filing. |
| 03/16/2033 | Expiration date of restricted stock units. |
| 03/20/2024 | Date of signature. |
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