Ideal Power CFO's 5,639 Shares Withheld for Tax Obligations
Ideal Power CFO Timothy Burns reported a Form 4 filing on June 28, 2025, disclosing a transaction dated June 20, 2025.
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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.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 5,639 | $4.22 | $24K |
Footnotes (1)
- F1. Represents shares withheld by the issuer to cover tax withholding obligations upon vesting of a restricted stock unit award. No sale of securities occurred in connection with the tax withholding.
FAQ
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What was the purpose of IPWR CFO's Form 4 filing on June 28, 2025?
What is the transaction code used in IPWR CFO's Form 4 filing from June 2025?
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