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 obligations related to vesting restricted stock units.
Summary
- On April 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.
- The transactions involved the surrender of 3,530 shares, 5,066 shares, 6,230 shares, and 9,933 shares at a price of $12.12 per share.
- These shares were surrendered to cover tax obligations related to the vesting of restricted stock unit awards granted on June 11, 2021, June 27, 2022, and June 26, 2023.
- Following these transactions, Lin directly owns 1,193,401 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. 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 due to the increased supply of shares in the market, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 06/11/2021 | Date of restricted stock unit award grant related to tax obligations. |
| 06/27/2022 | Date of restricted stock unit award grant related to tax obligations. |
| 06/26/2023 | Date of restricted stock unit award grant related to tax obligations. |
| 04/22/2024 | Date of transaction: shares surrendered to cover tax obligations. |
| 04/24/2024 | Date of Form 4 filing. |
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