Form 4: Arteris Inc. Director Antonio J. Viana Acquires Shares in Lieu of Cash Compensation

Director Antonio J. Viana acquired 2,040 shares of Arteris, Inc. common stock on January 5, 2025, as compensation in lieu of cash.

Summary

• On January 5, 2025, Antonio J. Viana, a director of Arteris, Inc., acquired 2,040 shares of common stock.
• The acquisition was made in lieu of cash retainer fees.
• The price per share was $0.00, as the shares were received as compensation.
• Following the transaction, Viana directly owns 21,328 shares and indirectly owns 203,821 shares through the Viana Family Trust.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice, indicating confidence from the director in the company's stock.

Positives

• The acquisition of shares by a director demonstrates confidence in the company.

Industry Context

Directors receiving stock in lieu of cash compensation is a common practice, especially in growth-oriented companies, to align their interests with shareholders and conserve cash.

Comparison to Industry Standards

• Stock-based compensation for directors is a common practice across the technology industry.
• Companies like ARM Holdings and Imagination Technologies have similar compensation structures for their board members.
• The amount of stock granted is relatively small, suggesting it's a standard retainer arrangement rather than a significant incentive package.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates