Form 4: Cognex CEO Robert Willett Transfers Shares to Investment Trust
SEC Form 4
Cognex CEO Robert Willett transferred 7,901 shares of common stock to the Willett Parkhill Investment Trust on February 16, 2024.
Summary
- On February 16, 2024, Robert Willett, CEO and President of Cognex Corp, transferred 7,901 shares of Cognex common stock to the Willett Parkhill Investment Trust.
- The same number of shares, 7,901, are now held indirectly by the trust.
- Following the transaction, Willett directly owns 0 shares and indirectly owns 15,804 shares through the trust.
- Willett also holds various non-qualified stock options to purchase Cognex common stock at prices ranging from $38.39 to $90.50, with expiration dates between 2027 and 2034.
Sentiment
Score: 5
Explanation: This is a neutral transaction, simply a transfer of shares to a trust. It doesn't indicate positive or negative sentiment.
Industry Context
This is a routine disclosure of stock ownership changes by a company executive, as required by the SEC. It doesn't necessarily reflect a change in the company's outlook or strategy.
Key Dates
| Date | Description |
|---|---|
| August 2, 2010 | Date of Willett Parkhill Investment Trust |
| February 18, 2021 | Expiration date of Non-Qualified Stock Option (right to buy) $ 50.94 is 02/18/2030 |
| February 16, 2022 | Expiration date of Non-Qualified Stock Option (right to buy) $ 90.5 is 02/16/2031 |
| February 22, 2023 | Expiration date of Non-Qualified Stock Option (right to buy) $ 64.43 is 02/22/2032 |
| February 16, 2024 | Date of stock transfer to Willett Parkhill Investment Trust |
| February 21, 2024 | Expiration date of Non-Qualified Stock Option (right to buy) $ 47.21 is 02/21/2033 |
| February 20, 2025 | Expiration date of Non-Qualified Stock Option (right to buy) $ 39.44 is 02/20/2034 |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.