Elutia CFO RSUs Vest, Shares Withheld for Taxes
ELUTIA INC. chief financial officer Matthew Ferguson reported routine equity compensation activity involving restricted stock units that vested into Class A common stock.
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Rhea-AI Filing Summary
ELUTIA INC. chief financial officer Matthew Ferguson reported routine equity compensation activity involving restricted stock units that vested into Class A common stock. On the vesting date, 12,500 RSUs converted into 12,500 shares of Class A common stock, as each unit represents one share.
The company withheld 4,485 of these shares at an implied price of $1.04 per share to cover tax withholding obligations, which is recorded as a disposition but not an open-market sale. After these transactions, Ferguson directly owned 480,082 shares of Class A common stock and held 25,000 restricted stock units as of the report.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 12,500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 12,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class A Common Stock | 4,485 | $1.04 | $5K |
Footnotes (4)
- F1. Transaction represents shares of the Issuer's Class A Common Stock received from the vesting of restricted stock units.
- F2. Each restricted stock unit represents a contingent right to receive one share of the Issuer's Class A Common Stock.
- F3. Shares withheld by the Issuer to satisfy tax withholding requirements on vesting of restricted stock units.
- F4. On January 31, 2024, the Reporting Person was granted 150,000 restricted stock units. Restricted stock units as to 1/6 vest on June 10, 2024, and as to 1/12 vest quarterly on each of the following dates: September 10, 2024, December 10, 2024, March 10, 2025, June 10, 2025, September 10, 2025, December 10, 2025, March 10, 2026, June 10, 2026, September 10, 2026, and December 10, 2026.
Key Figures
Key Terms
Restricted Stock Units financial
tax withholding requirements financial
derivative security financial
contingent right financial
FAQ
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What insider transaction did ELUT CFO Matthew Ferguson report?
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