Form 4: Align Technology Director Anne Myong Reports Stock Transactions
SEC Form 4
Director Anne Myong reports the vesting and share delivery of restricted stock units in Align Technology.
Summary
- On May 17, 2024, Anne Myong, a director of Align Technology Inc., had 1,029 shares of common stock acquired through the vesting of restricted stock units.
- These shares were acquired at a price of $0.
- Following the transaction, Myong directly owns 6,937 shares of Align Technology.
- The restricted stock units, granted on May 17, 2023, vested on May 17, 2024, resulting in the delivery of 1,029 shares.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates a long-term incentive for the director, aligning her interests with the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the stock ownership of company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date of grant for the restricted stock units. |
| 05/17/2024 | Date of transaction: vesting and share delivery of restricted stock units. |
| 05/21/2024 | Date of report. |
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