Lantronix Inc (LTRX) CFO exercises 3,773 RSUs, 1,553 shares withheld for taxes
Rhea-AI Filing Summary
Lantronix Inc's chief financial officer, Brent Michael Stringham, exercised restricted stock units on March 1, 2026, converting 3,773 RSUs into the same number of common shares at $0 per share. In accordance with RSU award agreements, 1,553 shares of common stock at $5.98 per share were withheld to cover required tax withholding. Following these transactions, he holds 20,441 RSUs and 90,325 shares of Lantronix common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,220 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 | 1,553 | $5.98 | $9K |
Holdings After Transaction:
Restricted Stock Units — 20,441 shares (Direct);
Common Stock — 90,325 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, 1,553 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Key Figures
RSUs Exercised: 3,773 RSUs
Tax Withholding Shares: 1,553 shares
Tax Withholding Price: $5.98 per share
+3 more
6 metrics
RSUs Exercised
3,773 RSUs
Restricted stock units exercised into common stock on March 1, 2026
Tax Withholding Shares
1,553 shares
Common shares withheld at vesting to cover required tax withholding
Tax Withholding Price
$5.98 per share
Price used for 1,553 withheld shares to satisfy tax obligations
Post-Transaction RSUs
20,441 RSUs
Direct restricted stock unit holdings after reported transactions
Post-Transaction Common Stock
90,325 shares
Direct common stock holdings after reported transactions
RSU Grant Dates
October 3, 2023; October 1, 2024
Dates of RSU grants referenced in vesting footnotes
Key Terms
Restricted Stock Units, vest ratably in equal quarterly installments, tax withholding, RSU award agreements
4 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.
vest ratably in equal quarterly installments financial
"The remaining unvested shares subject to the RSUs vest ratably in equal quarterly installments."
tax withholding financial
"1,553 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.
RSU award agreements financial
"In accordance with the terms of the applicable RSU award agreements, 1,553 shares ... were withheld."
FAQ
What transactions did Lantronix (LTRX) CFO Brent Michael Stringham report?
Brent Michael Stringham exercised 3,773 restricted stock units into common stock and had 1,553 shares withheld to satisfy required tax withholding, all on March 1, 2026.
How many restricted stock units does the Lantronix (LTRX) CFO hold after these transactions?
After the reported RSU exercises, Brent Michael Stringham holds 20,441 restricted stock units directly, representing potential future delivery of an equal number of Lantronix common shares as they vest.
What is Brent Michael Stringham’s post-transaction common stock holding in Lantronix (LTRX)?
Following the March 1, 2026 transactions, Brent Michael Stringham directly holds 90,325 shares of Lantronix common stock, as shown in the post-transaction holdings summary.
How do the Lantronix (LTRX) RSU grants for the CFO vest over time?
Footnotes state RSUs granted in October 2023 vest quarterly through September 1, 2026, and RSUs granted in October 2024 vest in tranches through September 1, 2027, with each RSU delivering one common share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
