Form 4: Joseph Lacob Reports Stock Unit Vesting in Align Technology
SEC Form 4 Filing
Director Joseph Lacob reports the vesting of restricted stock units in Align Technology on May 17, 2024.
Summary
- On May 17, 2024, Joseph Lacob, a director of Align Technology Inc., had 1,029 restricted stock units vest.
- These units converted into 1,029 shares of common stock.
- The shares are held indirectly by a trust for the reporting person.
- Following the transaction, Lacob beneficially owns 133,023 shares indirectly through a trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock unit vesting.
Industry Context
This filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies like Align Technology.
Stakeholder Impact
- The vesting of stock units has a minor dilutive effect on existing shareholders.
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 conversion to common stock. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
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