Director at American Battery (ABAT) gains 11,977 vested RSU shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
American Battery Technology Co director Elizabeth Ann Lowery had 11,977 shares of common stock credited to an affiliated LLC through vesting of Restricted Stock Units (RSUs). These RSUs were granted under a Director Agreement and each unit converts into one share upon vesting.
After this award, indirect holdings reported for Lowery and Associates, LLC total 82,802 shares of American Battery Technology common stock. The transaction is a compensation-related grant, not an open-market purchase or sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lowery Elizabeth Ann
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 11,977 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 82,802 shares (Indirect, Lowery and Associates, LLC)
Footnotes (1)
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Key Figures
RSUs vested: 11,977 shares
Vesting price: $0.0000 per share
Indirect holdings after transaction: 82,802 shares
3 metrics
RSUs vested
11,977 shares
Restricted Stock Units converting into common stock
Vesting price
$0.0000 per share
Reported transaction price for RSU vesting
Indirect holdings after transaction
82,802 shares
Common stock held via Lowery and Associates, LLC
Key Terms
Restricted Stock Units, Director Agreement, indirect ownership, grant, award, or other acquisition
4 terms
Restricted Stock Units financial
"Represents the vesting of Restricted Stock Units ("RSUs"), granted under the terms"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Director Agreement financial
"granted under the terms of the Director Agreement dated February 22, 2022"
indirect ownership financial
"ownership_type": "indirect", "nature_of_ownership": "Lowery and Associates, LLC""
grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition""
FAQ
What insider transaction did ABAT director Elizabeth Ann Lowery report?
Elizabeth Ann Lowery reported the vesting of 11,977 Restricted Stock Units, each converting into one share of American Battery Technology common stock. The shares are held indirectly through Lowery and Associates, LLC as part of compensation rather than an open-market trade.
Was the ABAT Form 4 transaction a market purchase or sale?
The Form 4 transaction was not a market purchase or sale. It reflects a grant or award acquisition: 11,977 Restricted Stock Units vesting into common shares as director compensation, with a reported price of $0.0000 per share upon vesting.
What agreement governs the RSUs reported in ABAT’s Form 4?
The RSUs vesting in this Form 4 were granted under a Director Agreement dated February 22, 2022, later amended on September 22, 2023. That agreement provides for Restricted Stock Units, each representing a right to receive one ABAT common share upon vesting.
How are the vested ABAT RSUs held for director Elizabeth Ann Lowery?
The vested RSUs are reflected as indirect ownership through Lowery and Associates, LLC. The Form 4 lists the ownership type as indirect, with the nature of ownership specifically identified as Lowery and Associates, LLC, rather than direct personal holdings.