Lantronix (LTRX) CFO exercises 3,773 RSUs, 1,466 shares withheld for tax
Rhea-AI Filing Summary
Lantronix Inc. Chief Financial Officer Brent Michael Stringham reported routine equity compensation activity involving restricted stock units and related tax withholding. On June 1, 2026, he converted a total of 3,773 restricted stock units into common stock in two exercises.
In connection with these vestings, 1,466 shares of Lantronix common stock were withheld to cover required tax obligations, consistent with the applicable RSU award agreements. Footnotes explain that the RSUs were granted in October 2023 and October 2024 and vest in scheduled quarterly installments through September 1, 2027. The filing shows no open‑market purchases or sales, only RSU vesting, share issuance, and tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,307 shares
Net Buy
5 txns
Insider
Stringham Brent Michael
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 550 | $0.00 | $0.00 |
| Exercise | Restricted Stock Units | 3,223 | $0.00 | $0.00 |
| Exercise | Common Stock | 550 | $0.00 | $0.00 |
| Exercise | Common Stock | 3,223 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,466 | $7.58 | $11K |
Holdings After Transaction:
Restricted Stock Units — 16,668 shares (Direct);
Common Stock — 92,632 shares (Direct)
Footnotes (3)
- F1. Represents outstanding RSUs granted on October 3, 2023. The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments through September 1, 2026. Each RSU represents the right to receive one share of the issuer's common stock.
- F2. Represents outstanding RSUs granted on October 1, 2024. The RSUs shall vest such that one-third (1/3) of the shares vest on September 1, 2025 and the remaining two-thirds (2/3) of the total number of shares vest quarterly thereafter beginning on December 1, 2025, such that one hundred percent (100%) of the RSUs will be fully vested on September 1, 2027. Each RSU represents the right to receive one share of the issuer's common stock.
- F3. In accordance with the terms of the applicable RSU award agreements, 1,466 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
RSUs converted: 3,773 shares
Tax-withheld shares: 1,466 shares
Exercise transactions: 2 transactions
+3 more
6 metrics
RSUs converted
3,773 shares
Total restricted stock units converting to common stock on June 1, 2026
Tax-withheld shares
1,466 shares
Shares of common stock withheld at vesting to cover tax obligations
Exercise transactions
2 transactions
Derivative exercises/conversions reported in the Form 4
Tax-withholding transactions
1 transaction
Disposition coded as payment of tax liability by delivering securities
RSU grant date 1
October 3, 2023
RSUs vest quarterly through September 1, 2026 per footnote
RSU grant date 2
October 1, 2024
RSUs vest in tranches through September 1, 2027 per footnote
Key Terms
Restricted Stock Units, tax withholding, Exercise or conversion of derivative security, Payment of exercise price or tax liability by delivering securities, +1 more
5 terms
Restricted Stock Units financial
"Represents outstanding RSUs granted on October 3, 2023."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax withholding financial
"shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding."
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
vest ratably in equal quarterly installments financial
"The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Lantronix (LTRX) report for its CFO?
Lantronix reported that CFO Brent Michael Stringham had restricted stock units vest and convert into 3,773 shares of common stock. As part of this equity compensation event, certain shares were withheld to satisfy tax obligations, with no open‑market buying or selling reported.
How many restricted stock units vested for the Lantronix (LTRX) CFO?
According to the Form 4 data, a total of 3,773 restricted stock units converted into common stock for the CFO. These units were split across two RSU awards and reflect scheduled vesting under previously granted equity compensation agreements.
Were the Lantronix (LTRX) CFO’s transactions open‑market trades?
No. The transactions consist of RSU vesting and share issuance, plus shares withheld for taxes, rather than open‑market purchases or sales. The Form 4 codes indicate derivative exercises and a tax-withholding disposition, all tied to existing compensation awards.
What do the RSU footnotes in the Lantronix (LTRX) Form 4 explain?
The footnotes explain that the RSUs were granted in October 2023 and October 2024 and vest in scheduled quarterly installments through September 1, 2027. Each RSU entitles the holder to receive one share of Lantronix common stock upon vesting.