Johnson Virginia 4
4 · ASPEN AEROGELS INC · Filed Mar 7, 2025
Insider Transaction Report
Form 4
Johnson Virginia
CLO, GC, and Secretary
Transactions
- Award
Common Stock
2025-03-05+26,307→ 52,503 total - Award
Performance Share Units
2025-03-05+52,614→ 52,614 totalFrom: 2028-03-05→ Common Stock (52,614 underlying) - Award
Stock Options (Right to Buy)
2025-03-05+37,804→ 37,804 totalExercise: $7.84Exp: 2035-03-05→ Common Stock (37,804 underlying) - Tax Payment
Common Stock
2025-03-05$7.84/sh−936$7,338→ 26,196 total
Footnotes (5)
- [F1]Shares withheld by Registrant to satisfy the minimum statutory tax withholding requirements on vesting of Restricted Stock Units ("RSUs").
- [F2]Each Restricted Stock Unit ("RSU") represents the right to receive one share of Common Stock upon vesting. The RSUs vest as to one-third of the shares on March 5, 2026, an additional one-third of the shares on March 5, 2027 and the remaining one-third of the shares on March 5, 2028.
- [F3]Represents 7,843 shares of Common Stock and 44,660 RSUs.
- [F4]The options vest as to one-third of the shares on March 5, 2026, an additional one-third of the shares on March 5, 2027 and the remaining one-third of the shares on March 5, 2028.
- [F5]Each performance share unit ("PSU") represents a contingent right to receive one share of Common Stock upon vesting. The PSUs vest on March 5, 2028, following the completion of the performance period, which begins on January 1, 2025 and ends on December 31, 2027. Ranging between 0-200% of the target number of PSUs (as reflected in Table II above), the PSUs vest based on the total shareholder return of Common Stock relative to the total stockholder return of the components of the Russell 2000 Index.