Cognex director exercises 2,913 restricted stock units
Cognex Corporation director Marjorie Sennett reported the exercise and conversion of 2,913 restricted stock units into an equal number of Cognex common shares at a price of $0.00 per share.
Rhea-AI Filing Summary
Cognex Corporation director Marjorie Sennett reported the exercise and conversion of 2,913 restricted stock units into an equal number of Cognex common shares at a price of $0.00 per share. After this transaction, she directly holds 25,936 common shares and 4,817 restricted stock units.
The restricted stock units each represent a contingent right to receive one share of common stock and vest in stages of approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the February 21, 2023 grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,913 | $0.00 | $0.00 |
| Exercise | Common Stock | 2,913 | $0.00 | $0.00 |
| holding | Restricted Stock Unit | -- | -- | -- |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Cognex Corporation common stock.
- F2. The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date (February 21, 2023), respectively.
FAQ
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What insider transaction did Cognex (CGNX) director Marjorie Sennett report?
What happened to the restricted stock units in the Cognex (CGNX) Form 4 filing?
What is the vesting schedule for Cognex (CGNX) director Marjorie Sennett’s restricted stock units?
AI-generated analysis. How Rhea-AI works. Not financial advice.