Form 4: Usio SVP Houston Frost Disposes of Shares to Cover Payroll Taxes
SEC Form 4 Filing
Houston Frost, SVP and Chief Product Officer of Usio, Inc., disposed of 54,460 shares of common stock to cover payroll taxes related to a restricted share grant.
Summary
- On January 31, 2025, Houston Frost, SVP and Chief Product Officer of Usio, Inc., disposed of 54,460 shares of common stock.
- The shares were disposed of to cover payroll taxes due from the vesting of a restricted share grant issued on December 23, 2014.
- The transaction was executed at a price of $1.88 per share.
- Following the transaction, Frost beneficially owns 660,567 shares of Usio, Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, so the sentiment is moderate.
Industry Context
This is a standard Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. The sale of shares to cover tax obligations is a routine occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 12/23/2014 | Date of restricted share grant issuance |
| 01/31/2025 | Date of transaction (share disposal) |
| 02/04/2025 | Date of signature on the Form 4 |
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