Cognex (CGNX) director logs stock sale and RSU conversion in Form 4 filing
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Cognex Corp director Angelos Papadimitriou reported a mix of stock transactions. On February 23, 2026, he sold 4,150 shares of common stock in an open-market transaction at an average price of $55.5804 per share, leaving 16,222 common shares directly owned.
On February 21, 2026, restricted stock units covering 2,537 shares were exercised and converted into the same number of common shares at no cash exercise price, increasing his common stock before the sale to 20,372 shares. Following these transactions, he also directly holds 4,817 restricted stock units that vest over time under a prior grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,150 shares ($230,659)
Net Sell
4 txns
Insider
Papadimitriou Angelos
Role
Director
Sold
4,150 shs ($231K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 4,150 | $55.5804 | $231K |
| Exercise | Restricted Stock Unit | 2,537 | $0.00 | -- |
| Exercise | Common Stock | 2,537 | $0.00 | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
Holdings After Transaction:
Common Stock — 16,222 shares (Direct);
Restricted Stock Unit — 0 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 transactions did Cognex (CGNX) director Angelos Papadimitriou report?
Angelos Papadimitriou reported selling 4,150 Cognex common shares and exercising restricted stock units for 2,537 shares. These transactions combined an open-market sale with a non-cash conversion of equity awards into common stock on separate February 2026 dates.
What equity awards did the Cognex (CGNX) director convert into common stock?
On February 21, 2026, 2,537 restricted stock units were exercised and converted into 2,537 Cognex common shares at a stated price of $0.0000. This reflects a non-cash derivative conversion of previously granted equity awards into stock.
What do the Cognex (CGNX) restricted stock unit footnotes explain?
The footnotes explain that each restricted stock unit equals one Cognex common share and that the units vest 20%, 30%, and 50% on the first, second, and third anniversaries of the February 21, 2023 grant date, subject to the original award terms.