Form 4: AudioEye Director Anthony L. Coelho Acquires Shares Through Restricted Stock Units

Director Anthony L. Coelho acquired 867 shares of AudioEye Inc. through a grant of restricted stock units that vested on the grant date.

Summary

• On April 1, 2024, Anthony L. Coelho, a director of AudioEye Inc., acquired 867 shares of common stock.
• The acquisition was a result of a quarterly grant of restricted stock units (RSUs) under the company's 2020 Equity Incentive Plan.
• The RSUs vested immediately on the grant date.
• Settlement of the RSUs will occur on the earlier of (i) the third anniversary of the grant date, (ii) immediately prior to a change in control (but no later than 90 days following the change), or (iii) the calendar year following the year of death, with payment no later than the end of the year following the year of death.
• Following the transaction, Coelho directly owns 186,993 shares of AudioEye Inc.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction related to director compensation. The acquisition of shares by a director is generally viewed as a positive sign, but it's not a major event.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future.

Future Outlook

The settlement of the RSUs will occur based on specific conditions related to the grant date, change in control, or death of the individual.

Industry Context

This is a standard transaction for directors receiving equity compensation. It is common for companies to grant RSUs to directors as part of their compensation packages.

Key Dates