Cognex (NASDAQ: CGNX) director’s RSUs vest; shares withheld for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
COGNEX CORP director Robert Willett reported equity award activity tied to restricted stock units that vested on February 18, 2026. A total of 14,165 restricted stock units were converted into common shares at no cost and are held indirectly by the Willett Parkhill Investment Trust, where he is trustee and beneficiary and disclaims beneficial ownership beyond his economic interest.
To cover tax obligations on this vesting, the trust disposed of 6,849 common shares at $56.72 per share through share withholding rather than an open-market sale. The underlying RSU grant vests in tranches of approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the February 18, 2025 grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
14,165 shares exercised/converted
Mixed
11 txns
Insider
Willett Robert
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 14,165 | $0.00 | -- |
| Exercise | Common Stock | 14,165 | $0.00 | -- |
| Tax Withholding | Common Stock | 6,849 | $56.72 | $388K |
| 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 | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| 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 | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 56,659 shares (Direct);
Common Stock — 29,969 shares (Indirect, by Trust);
Non-Qualified Stock Option (right to buy) — 193,201 shares (Direct)
Footnotes (1)
- The reporting person is a trustee and beneficiary of Willett Parkhill Investment Trust dated August 2, 2010. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose. This disposition represents shares withheld to satisfy tax withholding obligations on the restricted stock units that vested on February 18, 2026 and are reported herein. The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date (February 18, 2025), respectively.
FAQ
What insider transactions did COGNEX (CGNX) director Robert Willett report?
Robert Willett reported RSU-related activity, including conversion of 14,165 restricted stock units into common shares and a 6,849-share disposition to satisfy tax withholding. These transactions were linked to awards vesting on February 18, 2026, not to open-market purchases or sales.
How many Cognex (CGNX) RSUs vested for director Robert Willett?
On February 18, 2026, 14,165 restricted stock units held for Robert Willett vested and were converted into Cognex common shares at no exercise cost. The resulting shares are held indirectly by the Willett Parkhill Investment Trust, where he is trustee and beneficiary.
What is the vesting schedule of Robert Willett’s Cognex (CGNX) RSUs?
The restricted stock units granted to Robert Willett on February 18, 2025 vest in stages: approximately 20% on the first anniversary, 30% on the second anniversary, and 50% on the third anniversary, creating a three-year graded vesting pattern for these equity awards.