Form 4: Applied Optoelectronics Executive Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
David C. Kuo, Senior Vice President and Chief Legal Officer of Applied Optoelectronics, sold 528 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On May 23, 2024, David C. Kuo, Senior Vice President and Chief Legal Officer of Applied Optoelectronics, sold 528 shares of common stock.
- The shares were sold at a price of $12.12 per share.
- The sale was executed to satisfy tax-withholding obligations upon the vesting of a restricted stock unit award granted on April 29, 2024.
- Following the transaction, Kuo directly owns 132,473 shares of Applied Optoelectronics common stock.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine Form 4 filing, reflecting an executive's sale of shares to cover tax obligations, a common practice in publicly traded companies.
Stakeholder Impact
- The sale has a minimal impact on shareholders as it's a small transaction by an individual executive.
Key Dates
| Date | Description |
|---|---|
| 04/29/2024 | Date of restricted stock unit award grant |
| 05/23/2024 | Date of stock sale transaction |
| 05/28/2024 | Date of signature on the Form 4 |
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