Form 4: Virgin Galactic Director Henio R. Arcangeli, Jr. Receives Restricted Stock Units

Director Henio R. Arcangeli, Jr. of Virgin Galactic Holdings, Inc. was granted 146,749 restricted stock units and disposed of 204,889 shares.

Summary

• Henio R. Arcangeli, Jr., a director of Virgin Galactic Holdings, Inc., filed a Form 4 disclosing changes in beneficial ownership.
• On June 12, 2024, Arcangeli was granted 146,749 restricted stock units (RSUs) at a price of $0.
• These RSUs vest in full on the one-year anniversary of the grant date, or earlier if the next annual meeting date is before the one-year anniversary and Arcangeli will not stand for re-election.
• The RSUs will be settled in shares of Virgin Galactic's common stock upon vesting.
• Arcangeli also disposed of 204,889 shares.
• Following these transactions, Arcangeli beneficially owns 204,889 shares of common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment.

Future Outlook

The RSUs will vest on the one-year anniversary of the grant date or earlier depending on the next annual meeting date and Arcangeli's re-election status.

Industry Context

Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.

Stakeholder Impact

• The transaction could influence investor perception of the company's stock, depending on how the market interprets the director's actions.

Key Dates