Cognex (CGNX) director converts 2,913 RSUs into common stock
Filing Impact
Filing Sentiment
Form Type
4
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
2,913 shares exercised/converted
Mixed
3 txns
Insider
Sennett Marjorie
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 2,913 | $0.00 | -- |
| Exercise | Common Stock | 2,913 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct);
Common Stock — 25,936 shares (Direct)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of Cognex Corporation common stock. 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
What insider transaction did Cognex (CGNX) director Marjorie Sennett report?
Cognex director Marjorie Sennett reported exercising 2,913 restricted stock units into 2,913 shares of common stock at $0.00 per share. This was an exercise or conversion of derivative securities, not an open-market stock purchase or sale.
What happened to the restricted stock units in the Cognex (CGNX) Form 4 filing?
In the filing, 2,913 restricted stock units were exercised and converted into 2,913 Cognex common shares. Restricted stock units are derivative awards that turn into common stock once vesting and any other conditions are satisfied, as reflected in this transaction.
What is the vesting schedule for Cognex (CGNX) director Marjorie Sennett’s restricted stock units?
Her restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the February 21, 2023 grant date. Each unit represents a contingent right to receive one share of Cognex common stock upon vesting.