Form 4: Applied Optoelectronics Executive Sells Shares to Cover Tax Obligations
SEC Form 4
A senior executive at Applied Optoelectronics, Inc. sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- Shu-Hua (Joshua) Yeh, a Senior Vice President at Applied Optoelectronics, Inc., sold a total of 7,774 shares of common stock on January 22, 2025.
- The sales were executed at a price of $30.15 per share.
- These transactions were to cover tax withholding obligations related to the vesting of restricted stock units granted on various dates.
- The shares were sold directly and not through any indirect ownership.
- Following these transactions, Mr. Yeh's direct holdings decreased to 257,561 shares.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction for executives who receive stock-based compensation. It is common for executives to sell shares to cover tax obligations when restricted stock units vest.
Comparison to Industry Standards
- Similar transactions are common across the technology sector where stock-based compensation is a significant part of executive pay.
- Companies like Lumentum, Infinera, and Ciena also see similar filings from their executives when stock options or restricted stock units vest.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it represents a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 06/11/2021 | Date of restricted stock unit award that resulted in the first tax withholding obligation. |
| 06/27/2022 | Date of restricted stock unit award that resulted in the second tax withholding obligation. |
| 06/26/2023 | Date of restricted stock unit award that resulted in the third tax withholding obligation. |
| 04/29/2024 | Date of restricted stock unit award that resulted in the fourth tax withholding obligation. |
| 01/22/2025 | Date of the stock sales to cover tax obligations. |
| 01/23/2025 | Date the Form 4 was signed. |
Keywords
insider trading, stock sale, restricted stock units, tax withholding, executive compensation, AAOI, Applied Optoelectronics
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