Vargas Matthew 4
4 · EMCORE CORP · Filed Jun 18, 2024
Insider Transaction Report
Form 4
EMCORE CORPEMKR
Vargas Matthew
DirectorInterim CEO
Transactions
- Award
Restricted Stock Units
2024-06-14+215,517→ 218,822 total - Tax Payment
Common Stock
2024-06-15$0.86/sh−43$37→ 218,779 total
Footnotes (2)
- [F1]Each restricted stock unit (RSU) represents a contingent right to receive one share of EMCORE common stock. The RSUs were issued pursuant to the Amended and Restated EMCORE Corporation 2019 Equity Incentive Plan. The RSUs vest as to all of the underlying shares on the first anniversary of the grant date, subject to the Reporting Person's continued service with the Issuer through the vesting date.
- [F2]On June 15, 2023, the Reporting Person was granted 480 RSUs, vesting in four equal annual installments beginning on the first anniversary of the grant date, which grant was previously reported on a Form 3, Table I. The Reporting Person vested in 120 shares on June 15, 2024 from this RSU award. The number of shares reported here represents the number of shares required to be withheld in accordance with Rule 16b-3 to cover the Reporting Person's tax withholding obligation in connection with the vesting of the RSUs on June 15, 2024.