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FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT
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Formse shares that vest immediately refer to shares that become fully owned by the individual at the time of grant, without any waiting period.
Typically, the individual receiving the shares, often an employee or the company that granted the shares, is required to file for shares that vest immediately.
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The purpose of formse shares vest immediately is to ensure proper reporting and taxation of shares that have become owned by the recipient without delay.
The information that must be reported includes the recipient's name, social security number, the number of shares that vest, and the fair market value of those shares.
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