Form 4 for AQMS Aqua Metals, Inc.
Accepted 2024-12-23 00:00:00 ET · period of report 2024-12-19 · accession 0001437749-24-038322 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-12-23 | 2024-12-19 | AQMS | Taecker Benjamin S. | Chief Eng, Opr Off | A - Grant | $0.00 | +79.9K | 111.7K | +251% | $0 |
| DM | 2024-12-23 | 2024-12-19 | AQMS | Taecker Benjamin S. | Chief Eng, Opr Off | A - Grant | $0.00 | +26.6K | 13.3K | New | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-12-19 | A | A | 79,893 | $0.00 | 111,726 | D | — | — | (F1) Represents 79,893 shares underlying restricted stock units ("RSUs") that are not yet vested and deliverable. The RSUs will vest and be settled in six equal semi-annual installments over a three year period, subject to the Reporting Person's continuation of service with the Company. These RSUs have been granted under the Company's 2024 Long Term Incentive Program as non-cash stock awards. Each RSU shall entitle its holder to receive one Common Stock of the issuer. (F2) In addition to the time based vesting requirement of the RSUs, 46,719 RSUs will also have a vesting requirement subject to the approval of sufficient additional shares being approved and added to the 2019 Plan at the 2025 Annual Shareholders Meeting. (F3) Includes 131,889 shares underlying RSUs that are not yet vested and deliverable. |
| 2 | Derivative | Performance Share Units | 2024-12-19 | A | A | 4,439 | $0.00 | 4,439 | D | $0.00 · 2027-12-31 to 2027-12-31 | 4,439 Common Stock | (F6) Represents 4,439 shares underlying PSUs that vests based on TSR which is based on the percentage difference between the current year 30-day average VWAP closing stock price at 12/31/2024 and a future date 30-day average VWAP closing stock price at 12/31/2027. TSR is paid out based on where AQMS compares with our pier group based on the following percentiles (50% 25th percentile, 100% at 50th percentile, 200% at 75th percentile). |
| 3 | Derivative | Performance Share Units | 2024-12-19 | A | A | 4,439 | $0.00 | 4,439 | D | $0.00 · 2026-12-31 to 2026-12-31 | 4,439 Common Stock | (F5) Represents 4,439 shares underlying PSUs that vests based on TSR which is based on the percentage difference between the current year 30-day average VWAP closing stock price at 12/31/2024 and a future date 30-day average VWAP closing stock price at 12/31/2026. TSR is paid out based on where AQMS compares with our pier group based on the following percentiles (50% 25th percentile, 100% at 50th percentile, 200% at 75th percentile). |
| 4 | Derivative | Performance Share Units | 2024-12-19 | A | A | 4,438 | $0.00 | 4,438 | D | $0.00 · 2025-12-31 to 2025-12-31 | 4,438 Common Stock | (F4) Represents 4,438 shares underlying Performance Share Units (PSU) that vests based on Total Shareholder Return (TSR) which is based on the percentage difference between the current year 30-day average VWAP closing stock price at 12/31/2024 and a future date 30-day average VWAP closing stock price at 12/31/2025. TSR is paid out based on where AQMS compares with our pier group based on the following percentiles (50% 25th percentile, 100% at 50th percentile, 200% at 75th percentile). |
| 5 | Derivative | Performance Share Units | 2024-12-19 | A | A | 13,315 | $0.00 | 13,315 | D | $0.00 · 2027-12-31 to 2027-12-31 | 13,315 Common Stock | (F7) Represents 13,315 shares underlying PSUs that vests based on Stock price targets that can be achieved anytime during the period but no later than 3 years after the 12/31/2024. PSUs vests based upon hitting stock price hurdles (for five consecutive days closing prices)within three years of 12/31/2024. The stock vest in 3 hurdles, with 1/3 share vesting with a 50% increase in stock price, 1/3 vesting with a 100% increase in stock price and 1/3 vesting with a 150% increase in stock price. The base or starting stock price is calculated as the 30-day average VWAP closing price at 12/31/2024 |