Form 4: Applied Optoelectronics Executive Yeh Shu-Hua Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Yeh Shu-Hua, a Senior Vice President at Applied Optoelectronics, reported the disposal of company stock to cover tax obligations related to vesting restricted stock units.
Summary
- On July 22, 2024, Yeh Shu-Hua (Joshua), Senior Vice President and Asia General Manager of Applied Optoelectronics, Inc. (AAOI), reported the disposal of common stock to cover tax obligations.
- The transactions involved the surrender of shares to the issuer to satisfy tax-withholding obligations upon the vesting of restricted stock unit awards.
- A total of 7,778 shares were disposed of at a price of $9.68 per share.
- These disposals reduced Yeh's direct holdings in AAOI common stock from 279,811 to 273,110 shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing reflects routine stock disposals for tax purposes, which is a normal part of executive compensation.
Industry Context
Executive stock disposals for tax purposes are a common occurrence, particularly after the vesting of restricted stock units. This activity is normal and doesn't necessarily reflect a negative outlook on the company's future.
Key Dates
| Date | Description |
|---|---|
| June 11, 2021 | Date of restricted stock unit award grant related to some of the disposed shares. |
| June 27, 2022 | Date of restricted stock unit award grant related to some of the disposed shares. |
| June 26, 2023 | Date of restricted stock unit award grant related to some of the disposed shares. |
| April 29, 2024 | Date of restricted stock unit award grant related to some of the disposed shares. |
| July 22, 2024 | Date of the stock disposal transactions. |
| July 24, 2024 | Date of the Form 4 filing. |
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