Form 4: Align Technology Director Kevin J. Dallas Reports Stock Transaction
SEC Form 4
Director Kevin J. Dallas reports the vesting and share delivery of restricted stock units in Align Technology.
Summary
- On May 17, 2024, Kevin J. Dallas, a director of Align Technology Inc., reported a transaction involving restricted stock units.
- 1,029 shares of common stock were acquired through the vesting of restricted stock units at a price of $0.
- Following the transaction, Dallas directly owns 13,275 shares of Align Technology Inc.
- The restricted stock units, granted on May 17, 2023, vested on May 17, 2024, resulting in the delivery of shares.
Sentiment
Score: 5
Explanation: Neutral sentiment as it is a routine transaction related to executive compensation.
Positives
- The vesting of restricted stock units indicates confidence in the company's performance.
Industry Context
This is a standard Form 4 filing, reflecting a common practice of equity compensation for company directors.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard vesting of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 05/17/2023 | Date the restricted stock units were granted. |
| 05/17/2024 | Date of transaction: vesting of restricted stock units and share delivery. |
| 05/21/2024 | Date of report filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.