Ascent Industries (NASDAQ: ACNT) CEO nets PSU award, tax sale
Rhea-AI Filing Summary
Ascent Industries’ Chief Executive Officer John Bryan Kitchen reported routine equity compensation activity. On January 22, 2026, he acquired 9,081 shares of common stock as performance shares, triggered when the 30-day volume-weighted average price reached $16.00, with the filing reflecting a value of $16.445 per share. On January 23, 2026, he sold 3,199 shares at $16.07 per share in a “sell-to-cover” transaction to satisfy tax withholding obligations tied to the vesting of performance stock units rather than a discretionary open-market sale. After these transactions, Kitchen directly beneficially owns 73,610 shares of Ascent Industries common stock.
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FAQ
What insider transactions did Ascent Industries (ACNT) report for its CEO?
Ascent Industries reported that CEO John Bryan Kitchen acquired 9,081 performance shares of common stock on January 22, 2026, and sold 3,199 shares on January 23, 2026 in a tax-related transaction.
Why did the Ascent Industries (ACNT) CEO sell 3,199 shares?
The filing states the 3,199 shares were sold in a “sell-to-cover” transaction to cover tax withholding obligations connected to the vesting of performance stock units, not as a discretionary sale.
How many Ascent Industries (ACNT) shares does the CEO own after these transactions?
After the reported transactions, CEO John Bryan Kitchen directly beneficially owns 73,610 shares of Ascent Industries common stock.
At what prices were the Ascent Industries (ACNT) CEO’s Form 4 transactions reported?
The performance shares were reported with a value of $16.445 per share for the 9,081 shares acquired, and the 3,199 shares sold in the sell-to-cover transaction were executed at $16.07 per share.
What performance condition triggered the Ascent Industries (ACNT) CEO’s share award?
The footnote explains the performance shares were acquired under an award agreement in which the 30-day volume-weighted average price of Ascent Industries stock reached $16.00.
What role does John Bryan Kitchen hold at Ascent Industries (ACNT)?
John Bryan Kitchen is reported as an officer of Ascent Industries, serving as the company’s Chief Executive Officer.