Form 4: Applied Optoelectronics Executive Chang Surrenders Shares for Tax Obligations
SEC Form 4 Filing
Hung-Lun (Fred) Chang, a Senior Vice President at Applied Optoelectronics, surrendered shares to cover tax obligations related to vesting restricted stock units.
Summary
- On July 22, 2024, Hung-Lun (Fred) Chang, a Senior Vice President at Applied Optoelectronics, surrendered a total of 7,519 shares of common stock to the issuer to satisfy tax-withholding obligations.
- These shares 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.
- The price per share for the transaction was $9.68.
- Following these transactions, Chang's direct ownership of Applied Optoelectronics common stock is 242,042 shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing and has a neutral sentiment.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common for publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine share surrender for tax purposes.
Key Dates
| Date | Description |
|---|---|
| June 11, 2021 | Date of restricted stock unit award grant related to share surrender. |
| June 27, 2022 | Date of restricted stock unit award grant related to share surrender. |
| June 26, 2023 | Date of restricted stock unit award grant related to share surrender. |
| April 29, 2024 | Date of restricted stock unit award grant related to share surrender. |
| July 22, 2024 | Date of share surrender transaction. |
| July 24, 2024 | Date of signature on the Form 4. |
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