Cognex CFO exercises 5,394 RSUs, pays taxes in shares
COGNEX CORP SVP and CFO Dennis Fehr reported routine equity compensation activity involving restricted stock units and common shares.
Rhea-AI Filing Summary
COGNEX CORP SVP and CFO Dennis Fehr reported routine equity compensation activity involving restricted stock units and common shares. He exercised derivative rights tied to 5,394 shares of common stock, increasing his direct holdings through a derivative exercise rather than an open-market purchase.
To cover related tax obligations on vested restricted stock units, 1,984 common shares were withheld, described as payment of tax liability by delivering securities. After these transactions, he directly holds 15,988 common shares, along with multiple outstanding restricted stock units and non-qualified stock options that may convert into additional Cognex common stock over future vesting and exercise periods.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,394 shares exercised/converted
Exercise
8 txns
Insider
Fehr Dennis
Role
SVP, Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 5,394 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,394 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,984 | $62.26 | $124K |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 53,853 contracts for 44,862 underlying shares (Direct);
Common Stock — 15,988 shares (Direct);
Non-Qualified Stock Option (right to buy) — 186,221 contracts (Direct)
Footnotes (3)
- F1. This disposition represents shares withheld to satisfy tax withholding obligations on the restricted stock units that vested on May 6, 2026 and are reported herein.
- F2. Each restricted stock unit represents a contingent right to receive one share of Cognex Corporation common stock.
- F3. The restricted stock units vest approximately 20% on the first anniversary of the grant date (May 6, 2024); 30% on the second anniversary of the grant date; and 50% on the third anniversary of the grant date so long as the reporting person has relocated to Massachusetts by October 31, 2026.
Key Figures
RSU-derived shares acquired: 5,394 shares
Shares withheld for taxes: 1,984 shares at $62.26
Shares after exercise: 17,972 shares
+5 more
8 metrics
RSU-derived shares acquired
5,394 shares
Common stock from derivative exercise (code M) on May 6, 2026
Shares withheld for taxes
1,984 shares at $62.26
Tax withholding disposition (code F) on May 6, 2026
Shares after exercise
17,972 shares
Total common shares following M-code derivative exercise
Shares after tax withholding
15,988 shares
Direct common stock holdings after F-code tax share withholding
RSU position 1 underlying shares
24,523 shares
Restricted stock units expiring February 17, 2029, exercise price $0.00
RSU position 2 underlying shares
20,339 shares
Restricted stock units expiring February 18, 2028, exercise price $0.00
Largest option grant underlying shares
92,092 shares at $44.49
Non-qualified stock option expiring May 6, 2034
Additional option grant underlying shares
68,823 shares at $33.04
Non-qualified stock option expiring February 18, 2035
Key Terms
Restricted Stock Unit, Non-Qualified Stock Option (right to buy), tax withholding obligations, contingent right, +1 more
5 terms
Restricted Stock Unit financial
"This disposition represents shares withheld to satisfy tax withholding obligations on the restricted stock units that vested"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Non-Qualified Stock Option (right to buy) financial
"Non-Qualified Stock Option (right to buy) with underlying common stock and stated exercise prices and expirations"
tax withholding obligations financial
"shares withheld to satisfy tax withholding obligations on the restricted stock units that vested on May 6, 2026"
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of Cognex Corporation common stock"
derivative exercise/conversion financial
"transaction_action is described as derivative exercise/conversion for the M-code transactions"
FAQ
What did Cognex (CGNX) CFO Dennis Fehr report in this Form 4?
Dennis Fehr reported routine equity compensation activity involving restricted stock units and common stock. He exercised derivative rights for 5,394 shares and had 1,984 shares withheld to satisfy tax obligations related to vested restricted stock units granted by Cognex.
Was this Cognex (CGNX) Form 4 a market buy or sell by the CFO?
No, the Form 4 reflects a derivative exercise and tax withholding, not an open-market trade. The M-code transaction shows exercise of rights for 5,394 shares, and the F-code disposition covers 1,984 shares withheld to pay taxes on vested restricted stock units granted by Cognex.
AI-generated analysis. How Rhea-AI works. Not financial advice.
