Director stock grant at Socket Mobile (SCKT) replaces cash pay
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
PARNELL WILLIAM L. JR reported acquisition or exercise transactions in this Form 4 filing.
Socket Mobile, Inc. director William L. Parnell Jr. reported an award of 6,250 shares of common stock on February 4, 2026, valued at $1.12 per share. This stock grant was received under a Board-approved Director Compensation Program that allows directors to take stock instead of cash fees. Following this award, he directly owns 91,600 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
PARNELL WILLIAM L. JR
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 6,250 | $1.12 | $7K |
Holdings After Transaction:
Common Stock — 91,600 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Socket Mobile (SCKT) report for William L. Parnell Jr.?
Socket Mobile reported that director William L. Parnell Jr. received an award of 6,250 common shares. The acquisition occurred on February 4, 2026, as part of his director compensation, with the shares valued at the market closing price of $1.12 per share.
What is the Socket Mobile (SCKT) Director Compensation Program mentioned in the filing?
Effective February 4, 2026, Socket Mobile’s Board approved a Director Compensation Program allowing directors to receive common stock instead of cash compensation. The 6,250 shares reported represent stock granted in lieu of a portion of William L. Parnell Jr.’s annual cash retainer fee.
Is the Socket Mobile (SCKT) Form 4 transaction a purchase or a grant?
The Form 4 describes the transaction as a grant or award acquisition, not an open-market purchase. Shares were issued to William L. Parnell Jr. as equity compensation in place of some cash director fees, according to the Board-approved program effective February 4, 2026.