Form 4: Cognex Corp COO Matthew Moschner Reports Stock Transactions
SEC Form 4
Matthew Moschner, President and COO of Cognex Corp, reports the acquisition and disposal of common stock and derivative securities related to vested restricted stock units.
Summary
- On February 20, 2025, Matthew Moschner acquired 2,029 shares of common stock and disposed of 704 shares to cover tax obligations at a price of $33.4, resulting in a holding of 1,325 shares.
- On February 21, 2025, he acquired 2,097 shares and disposed of 710 shares for tax obligations at $32.78, holding 2,712 shares.
- On February 22, 2025, Moschner acquired 1,552 shares and disposed of 452 shares for tax obligations at $32.78, holding 3,812 shares.
- Moschner also acquired 76,924 Non-Qualified Stock Options at $32.78 exercisable from February 21, 2029, to February 21, 2035.
- He also transacted in Restricted Stock Units (RSUs) that vested on February 20, 21 and 22.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The document simply reports transactions related to stock options and RSUs, which are part of standard executive compensation. There is no indication of positive or negative sentiment regarding the company's performance.
Positives
- The acquisition of stock options and shares indicates confidence in the company's future 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 common for executives to receive stock options and RSUs as part of their compensation packages.
Comparison to Industry Standards
- Stock option and RSU grants are standard practice in executive compensation across the technology industry.
- Companies like Keyence, Omron, and National Instruments also utilize equity-based compensation to align executive interests with shareholder value.
- The vesting schedules and exercise prices of the options are within typical ranges for similar companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
- The disclosure provides transparency to shareholders regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Non-Qualified Stock Option (right to buy) $ 56.44 |
| 11/19/2019 | Non-Qualified Stock Option (right to buy) $ 40.71 |
| 02/19/2020 | Non-Qualified Stock Option (right to buy) $ 51.49 |
| 10/30/2020 | Non-Qualified Stock Option (right to buy) $ 51.97 |
| 10/31/2021 | Non-Qualified Stock Option (right to buy) $ 42.84 |
| 02/22/2022 | The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date |
| 08/04/2023 | Restricted Stock Unit $ 0.0 |
| 02/21/2023 | The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date |
| 08/07/2024 | Restricted Stock Unit $ 0.0 |
| 02/21/2024 | Non-Qualified Stock Option (right to buy) $ 47.21 |
| 02/20/2024 | The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date |
| 02/20/2025 | Earliest Transaction Date |
| 02/20/2025 | Common Stock transaction |
| 02/21/2025 | Common Stock transaction |
| 02/21/2025 | Non-Qualified Stock Option (right to buy) $ 32.78 |
| 02/22/2025 | Common Stock transaction |
| 08/09/2025 | Non-Qualified Stock Option (right to buy) $ 86.38 |
| 02/18/2026 | Non-Qualified Stock Option (right to buy) $ 33.04 |
| 08/04/2026 | Non-Qualified Stock Option (right to buy) $ 47.95 |
| 08/07/2027 | Non-Qualified Stock Option (right to buy) $ 50.01 |
| 02/20/2028 | Non-Qualified Stock Option (right to buy) $ 56.44 |
| 10/31/2028 | Non-Qualified Stock Option (right to buy) $ 42.84 |
| 11/19/2028 | Non-Qualified Stock Option (right to buy) $ 40.71 |
| 02/19/2029 | Non-Qualified Stock Option (right to buy) $ 51.49 |
| 10/30/2029 | Non-Qualified Stock Option (right to buy) $ 51.97 |
| 08/09/2031 | Non-Qualified Stock Option (right to buy) $ 86.38 |
| 08/04/2032 | Non-Qualified Stock Option (right to buy) $ 47.95 |
| 08/07/2033 | Non-Qualified Stock Option (right to buy) $ 50.01 |
| 02/20/2034 | Non-Qualified Stock Option (right to buy) $ 39.44 |
| 02/18/2035 | Non-Qualified Stock Option (right to buy) $ 33.04 |
| 02/21/2035 | Non-Qualified Stock Option (right to buy) $ 32.78 |
| 02/24/2025 | Date of report |
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