Ideal Power CFO Burns Retains 94,353 Shares After RSU Tax Settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Ideal Power CFO Timothy Burns reported a Form 4 filing on June 28, 2025, disclosing a transaction dated June 20, 2025. The filing details the withholding of 5,639 shares of common stock at a price of $4.22 per share to cover tax obligations related to the vesting of a restricted stock unit award.
Key details:
- Transaction Code: F (Payment of exercise price or tax liability using portion of securities received)
- No actual sale of securities occurred in the market
- Following the transaction, Burns maintains direct beneficial ownership of 94,353 shares
- The transaction was purely administrative for tax withholding purposes
This routine transaction indicates continued equity-based compensation for the CFO, with shares being withheld for tax purposes rather than an open market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
BURNS TIMOTHY
Role
CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 5,639 | $4.22 | $24K |
Holdings After Transaction:
Common Stock — 94,353 shares (Direct)
Footnotes (1)
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FAQ
What was the purpose of IPWR CFO's Form 4 filing on June 28, 2025?
The Form 4 filing reported shares withheld by Ideal Power Inc. for tax withholding purposes when CFO Timothy Burns' restricted stock units vested. The filing explicitly notes that no actual sale of securities occurred in connection with the tax withholding.
What is the transaction code used in IPWR CFO's Form 4 filing from June 2025?
The transaction code used in the Form 4 filing is 'F', which indicates shares were withheld by the issuer to satisfy tax withholding obligations upon vesting of restricted stock units.