Form 4: Westwater Resources Director Terence James Cryan Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Terence James Cryan disposed of 35,751 shares of Westwater Resources common stock on May 10, 2024, to satisfy tax withholding obligations.
Summary
- On May 10, 2024, Terence James Cryan, a director of Westwater Resources, Inc., disposed of 35,751 shares of common stock.
- The transaction was executed to cover tax withholding obligations arising from the vesting of restricted stock unit awards granted on May 10, 2023.
- The shares were disposed of at a price of $0.4694 per share.
- Following the transaction, Cryan beneficially owns 183,694 shares of Westwater Resources common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a standard transaction to cover tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in trading activities by company insiders. This filing indicates a routine transaction to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 05/10/2023 | Date of grant for the restricted stock unit awards that vested. |
| 05/10/2024 | Date of transaction: Disposal of shares to cover tax obligations. |
| 05/14/2024 | Date of signature for the Form 4 filing. |
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