Form 4: Applied Optoelectronics CEO Lin Chih-Hsiang (Thompson) Lin Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Lin Chih-Hsiang (Thompson) Lin of Applied Optoelectronics, Inc. (AAOI) disposed of shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On July 22, 2024, Lin Chih-Hsiang (Thompson) Lin, the President and CEO of Applied Optoelectronics, Inc., disposed of common stock to satisfy tax withholding obligations.
- These transactions were related to the vesting of restricted stock unit awards granted on June 11, 2021, June 27, 2022, June 26, 2023, and April 29, 2024.
- A total of 24,156 shares were surrendered at a price of $9.68 per share.
- Following these transactions, Lin Chih-Hsiang (Thompson) Lin directly owns 1,338,247 shares of Applied Optoelectronics, Inc.
Sentiment
Score: 5
Explanation: This Form 4 filing reflects routine transactions related to executive compensation and tax obligations, and does not necessarily indicate a positive or negative sentiment towards the company's prospects.
Industry Context
Executive stock transactions are a common occurrence in publicly traded companies, often related to compensation packages and tax obligations. These transactions are closely monitored by investors for insights into management's perspective on the company's performance and future prospects.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 06/11/2021 | Date of restricted stock unit award grant related to share surrender. |
| 06/27/2022 | Date of restricted stock unit award grant related to share surrender. |
| 06/26/2023 | Date of restricted stock unit award grant related to share surrender. |
| 04/29/2024 | Date of restricted stock unit award grant related to share surrender. |
| 07/22/2024 | Date of transaction: Shares surrendered to cover tax obligations. |
| 07/24/2024 | Date of Form 4 filing. |
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