Form 4: Applied Optoelectronics CEO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Chih-Hsiang (Thompson) Lin, CEO of Applied Optoelectronics, sold 2,647 shares of common stock on May 23, 2024, to cover tax obligations related to vesting of restricted stock units.
Summary
- On May 23, 2024, Chih-Hsiang (Thompson) Lin, the President and CEO of Applied Optoelectronics, Inc. (AAOI), sold 2,647 shares of the company's common stock.
- The sale was executed at a price of $12.12 per share.
- This transaction was conducted to satisfy tax-withholding obligations arising from the vesting of a restricted stock unit award granted on April 29, 2024.
- Following the transaction, Lin directly owns 1,285,540 shares of Applied Optoelectronics, Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as this is a routine transaction for tax purposes.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of restricted stock unit award grant |
| 05/23/2024 | Date of stock sale transaction |
| 05/28/2024 | Date of signature on the Form 4 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.