Form 4: Applied Optoelectronics Executive Sells Shares to Cover Tax Obligations
SEC Form 4
A Senior Vice President at Applied Optoelectronics, Inc. sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- Hung-Lun (Fred) Chang, a Senior Vice President at Applied Optoelectronics, Inc., sold a total of 7,616 shares of common stock on January 22, 2025.
- The sales were executed at a price of $30.15 per share.
- These transactions were made to satisfy tax-withholding obligations upon the vesting of restricted stock unit awards.
- The restricted stock units were granted on June 11, 2021, June 27, 2022, June 26, 2023, and April 29, 2024.
- Following these transactions, Mr. Chang's direct ownership of common stock decreased from 195,296 to 188,676 shares.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.
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 stock sales by executives are common across the technology sector, particularly when dealing with vesting restricted stock units.
- Companies like Lumentum, Infinera, and Ciena also see similar transactions from their executives.
- The number of shares sold and the price are within the typical range for such transactions.
Stakeholder Impact
- The stock sale has a minor impact on the overall shareholding structure of the company.
- The transaction is not expected to have a significant impact on the company's operations or financial performance.
Key Dates
| Date | Description |
|---|---|
| 06/11/2021 | Date of the first restricted stock unit award grant. |
| 06/27/2022 | Date of the second restricted stock unit award grant. |
| 06/26/2023 | Date of the third restricted stock unit award grant. |
| 04/29/2024 | Date of the fourth restricted stock unit award grant. |
| 01/22/2025 | Date of the stock sales to cover tax obligations. |
| 01/23/2025 | Date the form was signed. |
Keywords
stock sale, insider trading, restricted stock units, tax obligations, executive compensation, AAOI, Applied Optoelectronics
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