Research Summary
AI-generated summary of this SEC filing
AEye CFO Conor Tierney Withholds 26,549 Shares for Taxes
What Happened
Conor Tierney, Treasurer & Chief Financial Officer of AEye, net-settled a restricted stock unit (RSU) vesting event by withholding 26,549 shares to satisfy tax withholding obligations. The withholding was recorded at $1.31 per share for a total value of $34,779. No shares were sold on the open market.
Key Details
- Transaction date: 2026-08-15 (reported on Form 4 filed 2026-08-17)
- Price used for withholding: $1.31 per share
- Shares withheld/disposed: 26,549; total value ~$34,779
- Transaction code: F (tax withholding related to vesting) and footnote F1: net settlement of RSUs; no sale of shares
- Shares owned after transaction: not specified in the provided filing details
- Filing timeliness: Form 4 filed two days after the transaction date, which appears to be within the standard reporting window
Context
This was a routine tax-withholding/net-settlement for RSU vesting rather than a market sale or a purchase. Such withholdings are common and do not necessarily signal insider confidence or concern; purchases are generally more informative about insider sentiment.