Form 4: Usio Inc. CEO Louis Hoch Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4 Filing
Usio, Inc. Chairman, President, and CEO Louis Hoch reported the acquisition and disposal of company stock following the vesting of restricted stock units on February 21, 2025.
Summary
- On February 21, 2025, Louis Hoch, the Chairman, President, and CEO of Usio, Inc., acquired 11,000 shares of common stock due to the vesting and conversion of restricted stock units granted on February 21, 2023.
- Following this transaction, Hoch directly owns 2,937,101 shares of Usio, Inc. common stock.
- Concurrently, Hoch disposed of 4,912 shares to cover taxes due at a price of $1.71 per share, resulting in a remaining direct ownership of 2,932,189 shares.
- Hoch also reported owning 32,000 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock transactions, neither particularly positive nor negative. It reflects standard executive compensation practices.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices and insider trading regulations.
Key Dates
| Date | Description |
|---|---|
| 02/21/2023 | Date restricted stock units were granted. |
| 02/21/2025 | Date of vesting and conversion of restricted stock units, and subsequent stock transactions. |
| 02/21/2033 | Expiration date of restricted stock units. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
Keywords
Usio, Inc., Louis Hoch, Form 4, Stock Transaction, Restricted Stock Units, Beneficial Ownership, SEC Filing
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