Form 4: Applied Optoelectronics Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Hung-Lun (Fred) Chang, a Senior Vice President at Applied Optoelectronics, sold 686 shares of common stock to cover tax obligations related to a restricted stock unit award.
Summary
- On May 23, 2024, Hung-Lun (Fred) Chang, a Senior Vice President at Applied Optoelectronics, Inc., disposed of 686 shares of common stock.
- The transaction was executed to satisfy tax-withholding obligations upon the vesting of a restricted stock unit award granted on April 29, 2024.
- The shares were sold at a price of $12.12 per share.
- Following the transaction, Chang directly owns 224,822 shares of Applied Optoelectronics, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. An executive selling shares to cover tax obligations is a common occurrence and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of restricted stock unit award grant |
| 05/23/2024 | Date of transaction (stock sale) |
| 05/28/2024 | Date of signature on the Form 4 filing |
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