Form 4: Usio, Inc. Executive Louis Hoch Reports Stock Transactions
SEC Form 4 Filing
Louis Hoch, Chairman, President, and CEO of Usio, Inc., reports the vesting of restricted stock units and subsequent transactions involving common stock.
Summary
- On February 21, 2024, Louis Hoch, Chairman, President, and CEO of Usio, Inc., reported transactions involving Usio, Inc. common stock.
- Mr. Hoch received 11,000 shares of common stock due to the vesting and conversion of restricted stock units granted on February 21, 2023, which vested on February 21, 2024.
- He also returned 4,912 shares to the issuer at a price of $1.57 per share to cover taxes due.
- Following these transactions, Mr. Hoch beneficially owns 3,032,817 shares of Usio, Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the actions of Usio, Inc.'s top executive.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in beneficial ownership.
- The return of shares to cover taxes could slightly reduce the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 02/21/2023 | Date restricted stock units were granted. |
| 02/21/2024 | Date of stock transactions and vesting of restricted stock units. |
| 02/21/2033 | Expiration date of restricted stock units. |
| 03/20/2024 | Date of signature on the Form 4. |
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