Form 4: Usio Inc. Executive Vice President Greg Carter Reports Stock Transactions

Executive Vice President of Payment Acceptance at Usio, Inc., Greg Carter, reports the vesting and conversion of restricted stock units and subsequent tax-related share disposal.

Summary

• Greg Carter, Executive Vice President of Payment Acceptance at Usio, Inc., reported transactions involving the company's stock on November 18, 2024.
• Mr. Carter received 3,000 shares of common stock due to the vesting of restricted stock units that were granted on November 18, 2021.
• These restricted stock units vested on November 18, 2024.
• Following the vesting, Mr. Carter disposed of 731 shares at a price of $1.47 per share to cover taxes due.
• After these transactions, Mr. Carter beneficially owns 397,269 shares of Usio, Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of insider transactions, which is neither positive nor negative in itself. It reflects normal corporate activity.

Industry Context

This is a standard SEC Form 4 filing, which is a routine disclosure for corporate insiders when they trade company stock. It is a normal part of corporate governance and transparency.

Comparison to Industry Standards

• Form 4 filings are a standard practice for publicly traded companies in the United States, ensuring transparency of insider transactions.
• The transactions reported are typical for executives who receive stock-based compensation, such as restricted stock units.
• The tax-related sale of shares is a common occurrence when stock options or restricted stock units vest.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.

Key Dates

Keywords

Usio Inc., insider trading, stock transaction, restricted stock units, Greg Carter, EVP Payment Acceptance, Form 4, vesting