Form 4: Cognex Corp: Chief Technology Officer Reports Stock Transactions
SEC Form 4
Joerg Kuechen, Chief Technology Officer of Cognex Corp, reports the vesting of restricted stock units and subsequent withholding of shares to cover tax obligations.
Summary
- On February 20, 2025, Joerg Kuechen, the Chief Technology Officer of Cognex Corp, reported transactions involving common stock and restricted stock units.
- Kuechen acquired 3,550 shares of common stock through the vesting of restricted stock units on February 20, 2025.
- 1,231 shares were disposed of to satisfy tax withholding obligations at a price of $33.4 per share, resulting in a remaining balance of 2,319 shares.
- On February 21, 2025, Kuechen acquired 3,813 shares of common stock through vesting and disposed of 1,128 shares for tax obligations at $32.78 per share, leaving 5,004 shares.
- On February 22, 2025, Kuechen acquired 4,229 shares through vesting and disposed of 1,242 shares for tax obligations at $32.78 per share, leaving 7,991 shares.
- Kuechen also holds various non-qualified stock options with exercise prices ranging from $33.04 to $90.5 and expiration dates between 2027 and 2035.
- The report details the vesting schedule of the restricted stock units, with varying percentages vesting on the first, second, and third anniversaries of the grant dates.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions by an insider, with no inherent positive or negative implications for the company's performance.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is typical for executives to receive stock options and restricted stock units as part of their compensation packages, and their subsequent transactions are closely monitored by investors.
Comparison to Industry Standards
- Stock option and RSU grants are a common form of executive compensation in the technology industry, used by companies like Keyence, National Instruments, and Teledyne Technologies.
- The vesting schedules and exercise prices of these instruments are generally in line with industry practices for incentivizing long-term performance.
- Tax withholding practices related to RSU vesting are also standard across publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
- Employees holding similar stock options or restricted stock units may be interested in the vesting schedules and tax implications.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Date of non-qualified stock option with exercise price of $90.5 and expiration date of 02/16/2031 |
| 02/22/2022 | Grant date for restricted stock units vesting approximately 20%, 30%, and 50% on the first, second, and third anniversaries |
| 02/22/2023 | Date of non-qualified stock option with exercise price of $64.43 and expiration date of 02/22/2032 |
| 02/21/2023 | Grant date for restricted stock units vesting approximately 20%, 30%, and 50% on the first, second, and third anniversaries |
| 02/20/2024 | Grant date for restricted stock units vesting approximately 20%, 30%, and 50% on the first, second, and third anniversaries |
| 02/21/2024 | Date of non-qualified stock option with exercise price of $47.21 and expiration date of 02/21/2033 |
| 02/20/2025 | Transaction date for common stock and restricted stock units |
| 02/21/2025 | Transaction date for common stock and restricted stock units |
| 02/22/2025 | Transaction date for common stock and restricted stock units |
| 02/24/2025 | Date of signature for the report |
Keywords
Cognex Corp, Joerg Kuechen, stock options, restricted stock units, Form 4, insider trading, CGNX, vesting, tax withholding, common stock
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