Key facts
- This page summarizes Pepe Emmett Anthony's Form 4 filing for GSE SYSTEMS INC.
- 4 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 02 Oct 2024, 16:38.
Pepe Emmett Anthony - 30 Sep 2024 Form 4 Insider Report for GSE SYSTEMS INC
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- N/A
- Reported as of
- 30 Sep 2024
- Net transaction value
- -$2,898
- SEC form
- 4
- Accepted by SEC
- 02 Oct 2024, 16:38:18 UTC
- Prior SEC filing
- 02 Jul 2024
- Source filing
- View source filing
- Reporting owner signature
- /s/ Pepe Emmett Anthony
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Pepe Emmett Anthony filed Form 4 for GSE SYSTEMS INC on 02 Oct 2024.
Change
- Previous filing in this sequence was filed on 02 Jul 2024.
- Current net transaction value: -$2,898.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GVP
transaction
Common Stock
Tax liability
- Transaction value
- $1,363
- Shares
- -335
- Change %
- -0.8%
- Price
- $4.07
- Shares after
- 41,665
- Date
- 30 Sep 2024
- Ownership
- Direct
- Footnotes
- F1
GVP
transaction
Common Stock
Options Exercise
- Transaction value
- Shares
- +1,250
- Change %
- +3%
- Price
- Shares after
- 42,915
- Date
- 30 Sep 2024
- Ownership
- Direct
- Footnotes
- F2, F3
GVP
transaction
Common Stock
Tax liability
- Transaction value
- $1,534
- Shares
- -377
- Change %
- -0.88%
- Price
- $4.07
- Shares after
- 42,538
- Date
- 30 Sep 2024
- Ownership
- Direct
- Footnotes
- F3
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
GVP
transaction
Derivative
Performance Rights
Options Exercise
- Transaction value
- Shares
- -1,250
- Change %
- -6.9%
- Price
- Shares after
- 16,750
- Date
- 30 Sep 2024
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 1,250
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 3 footnotes
Footnote F1
Shares withheld by the Issuer for payment of applicable taxes owed due to the vesting of 1,111 restricted share units pursuant to one restricted share unit agreement between the Reporting Person and the Issuer.
Footnote F2
Each performance right (PR) is a contingent right to receive one share of Issuer Common Stock. PRs vest upon satisfaction of a Service Condition (SC) and a Stock Price Performance Condition (SPPC). The SC is satisfied for sixteen dates (3/31/2022, 6/30/2022, 9/30/2022, 12/31/2022, 3/31/2023, 6/30/2023, 9/30/2023, 12/31/2023, 3/31/2024, 6/30/2024, 9/30/2024, 12/31/2024, 3/31/2025, 6/30/2025, 9/30/2025, and 12/31/2025) if the Issuer has continuously employed the reporting person through that SC date, and 1,250 PRs then will be eligible to vest if the SPPC also has been met. The SPPC requires the Volume Weighted Average Price of the Issuer's Common Stock as quoted on NASDAQ to be at least $1.94 measured over a 20 consecutive trading day period. Once the SPPC is met, PRs that remain unvested shall vest upon satisfaction of each future SC.
Footnote F3
On June 14, 2022, the Compensation Committee of the Board of Directors of the Issuer certified that the SPPC applicable to these PRs had been satisfied. Accordingly, on June 30, 2024, the SC was satisfied with respect to June 30, 2024, resulting in the vesting of 1,250 PRs and the issuance of 1,250 shares of Common Stock, of which 366 shares of Common Stock were withheld by the Issuer for payment of applicable taxes owed due to the vesting of the 1,250 PRs as provided by a restricted share unit agreement between the Reporting Person and the Issuer.