Aehr (AEHR) director Geoffrey Scott awarded 1,658 restricted shares, now holds over 145k
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SCOTT GEOFFREY GATES reported acquisition or exercise transactions in this Form 4 filing.
Aehr Test Systems director Geoffrey Scott reported updated holdings and a new equity award. He received 1,658 shares of common stock as a grant or award at $0.0000 per share, increasing his direct ownership to 54,522 shares. The filing also reflects indirect holdings of 50,000 shares held by his spouse and 40,686 shares held by a trust.
According to the footnotes, these shares are subject to restricted stock unit terms. One-fourth of the RSU shares vest after each three full calendar months from the grant date, as long as he continues to serve on the Board. The reported amounts include unvested RSUs, meaning some shares are scheduled to vest over time rather than being fully available immediately.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SCOTT GEOFFREY GATES
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,658 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 54,522 shares (Direct);
Common Stock — 40,686 shares (Indirect, By Trust)
Footnotes (1)
- One-fourth (1/4) of the total number of shares subject to the restricted stock unit awards shall vest at the end of each three full calendar months following the date of this action, provided that such recipient still serves as a member of the Board of Director of the corporation on such dates. The amount reported includes shares subject to unvested restricted stock units.
Key Figures
RSU grant shares: 1,658 shares
Grant price: $0.0000 per share
Direct holdings after grant: 54,522 shares
+2 more
5 metrics
RSU grant shares
1,658 shares
Common Stock grant/award on transaction date
Grant price
$0.0000 per share
Price for RSU award shares
Direct holdings after grant
54,522 shares
Total common stock directly owned after transaction
Indirect holdings by spouse
50,000 shares
Common stock held indirectly by spouse
Indirect holdings by trust
40,686 shares
Common stock held indirectly by trust
Key Terms
restricted stock unit, unvested restricted stock units, By Spouse, By Trust, +1 more
5 terms
restricted stock unit financial
"shares subject to the restricted stock unit awards shall vest at the end"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
unvested restricted stock units financial
"The amount reported includes shares subject to unvested restricted stock units."
By Spouse financial
"direct_or_indirect: I, nature_of_ownership: By Spouse"
By Trust financial
"direct_or_indirect: I, nature_of_ownership: By Trust"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What did AEHR director Geoffrey Scott receive in this Form 4 filing?
He received 1,658 shares of Aehr Test Systems common stock as a grant or award at $0.0000 per share, raising his direct holdings to 54,522 shares, separate from additional indirect holdings reported in the filing.
How do the restricted stock units for AEHR director Geoffrey Scott vest?
One-fourth of the total RSU shares vest after each three full calendar months from the grant date, provided he continues serving on the Board. This schedule spreads vesting over time, aligning ongoing service with incremental share delivery.
Is Geoffrey Scott’s AEHR stock grant an open-market purchase or compensation?
The 1,658-share transaction is coded as a grant, award, or other acquisition, not an open-market purchase. It represents equity-based compensation, with shares awarded at $0.0000 per share and subject to vesting conditions described in the footnotes.
Do Geoffrey Scott’s reported AEHR holdings include unvested restricted stock units?
Yes. A footnote states the reported amount includes shares subject to unvested restricted stock units. This means some of the shares listed will vest in the future, assuming continued Board service under the stated vesting schedule.