Lantronix director gains 8,540 shares via RSU vesting
Lantronix Inc director Kevin S. Palatnik increased his equity stake through RSU vesting.
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Form Type
4
Rhea-AI Filing Summary
Lantronix Inc director Kevin S. Palatnik increased his equity stake through RSU vesting. On May 4, 2026, he acquired 8,540 shares of common stock upon the vesting and conversion of an equal number of restricted stock units (RSUs), which convert into common stock on a one-for-one basis.
Following this compensation-related event, he directly holds 48,139 shares of common stock and 8,541 RSUs. The RSUs were granted on November 4, 2025 and vest in two equal installments, six months and one year after the grant date, resulting in full vesting after one year.
Insider Trade Summary
8,540 shares exercised/converted
Exercise
2 txns
Insider
Palatnik Kevin S.
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 8,540 | $0.00 | $0.00 |
| Exercise | Common Stock | 8,540 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 8,541 contracts (Direct);
Common Stock — 48,139 shares (Direct)
Footnotes (3)
- F1. Represent shares of common stock issued upon the vesting of restricted stock units ("RSUs") granted on November 4, 2025 (the "Grant Date").
- F2. RSUs convert into common stock on a one-for-one basis.
- F3. The RSUs vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date and one half (1/2) of the shares vesting on the first anniversary of the Grant Date, such that the RSUs will be fully (100%) vested after one (1) year.
Key Figures
Shares acquired from RSU vesting: 8,540 shares
Common shares after transaction: 48,139 shares
Remaining RSU balance: 8,541 RSUs
+3 more
6 metrics
Shares acquired from RSU vesting
8,540 shares
Common stock issued upon RSU vesting on May 4, 2026
Common shares after transaction
48,139 shares
Directly held by Kevin S. Palatnik following RSU conversion
Remaining RSU balance
8,541 RSUs
Restricted stock units held after the reported vesting event
RSU grant date
November 4, 2025
Original grant date of RSUs that vest over one year
Vesting schedule
50% at 6 months, 50% at 1 year
RSUs fully vest one year after the November 4, 2025 grant
Exercise/Conversion code
Code M
Indicates exercise or conversion of derivative security, not open-market trade
Key Terms
Restricted Stock Units, RSUs convert into common stock on a one-for-one basis, vest, Exercise or conversion of derivative security, +1 more
5 terms
Restricted Stock Units financial
"security_title: "Restricted Stock Units"; RSUs convert into common stock on a one-for-one basis."
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.
RSUs convert into common stock on a one-for-one basis financial
"RSUs convert into common stock on a one-for-one basis."
vest financial
"The RSUs vest at the rate of one half (1/2) of the shares vesting six (6) months following the Grant Date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security" for code M."
Grant Date financial
"RSUs granted on November 4, 2025 (the "Grant Date")."
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Lantronix (LTRX) director Kevin S. Palatnik report in this Form 4?
Kevin S. Palatnik reported the vesting of restricted stock units converting into 8,540 shares of Lantronix common stock. These were compensation-related awards, not open-market purchases or sales, and increased his directly held common shares and remaining RSU balance.
What exactly happened with the 8,540 restricted stock units in this Lantronix (LTRX) filing?
In this filing, 8,540 restricted stock units vested and automatically converted into 8,540 shares of Lantronix common stock on a one-for-one basis. This is a standard equity compensation event rather than an open-market trade in the company’s stock.
When were the restricted stock units in this Lantronix (LTRX) Form 4 originally granted?
The restricted stock units were originally granted on November 4, 2025. According to the filing, they were scheduled to vest over one year, with half vesting six months after the grant date and the remaining half vesting on the first anniversary.
How do the Lantronix (LTRX) RSUs reported by Kevin S. Palatnik vest over time?
The RSUs vest in two installments: one-half of the shares vest six months after the November 4, 2025 grant date, and the other half vest on the first anniversary of that date. This schedule results in the award becoming fully vested after one year.
AI-generated analysis. How Rhea-AI works. Not financial advice.
