Form 4: Applied Optoelectronics Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Shu-Hua (Joshua) Yeh, a Senior Vice President at Applied Optoelectronics, sold shares to cover tax obligations related to vesting restricted stock units.
Summary
- On October 22, 2024, Shu-Hua (Joshua) Yeh, a Senior Vice President and Asia General Manager at Applied Optoelectronics, Inc., disposed of shares of common stock to satisfy tax-withholding obligations.
- The transactions 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.
- A total of 7,775 shares were disposed of at a price of $18.51 per share.
- Following these transactions, Yeh directly owns 265,335 shares of Applied Optoelectronics common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, indicating a neutral sentiment.
Industry Context
Executive stock sales for tax purposes are a common occurrence, particularly around vesting events for stock options or restricted stock units. This is a normal part of executive compensation and financial planning.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, 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. |
| 06/27/2022 | Date of restricted stock unit award grant. |
| 06/26/2023 | Date of restricted stock unit award grant. |
| 04/29/2024 | Date of restricted stock unit award grant. |
| 10/22/2024 | Date of transaction (stock disposal). |
| 10/24/2024 | Date of signature on the Form 4. |
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