Form 4: Applied Optoelectronics CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chih-Hsiang (Thompson) Lin, CEO of Applied Optoelectronics, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On October 22, 2024, Chih-Hsiang (Thompson) Lin, the President and CEO of Applied Optoelectronics, Inc. (AAOI), disposed of shares 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 24,150 shares were disposed of at a price of $18.51 per share.
- Following these transactions, Lin directly owns 1,314,095 shares of Applied Optoelectronics, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as the transaction is a routine sale of shares to cover tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| June 11, 2021 | Date of restricted stock unit award grant. |
| June 27, 2022 | Date of restricted stock unit award grant. |
| June 26, 2023 | Date of restricted stock unit award grant. |
| April 29, 2024 | Date of restricted stock unit award grant. |
| October 22, 2024 | Date of transaction (stock sale). |
| October 24, 2024 | Date of signature on the Form 4. |
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