Form 4: Cognex Corp Executive Dennis Fehr Reports Stock Transactions
SEC Form 4
Dennis Fehr, SVP and CFO of Cognex Corp, reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On May 6, 2025, Dennis Fehr, SVP and CFO of Cognex Corporation, engaged in transactions involving Cognex Corp (CGNX) common stock.
- Fehr vested 3,597 restricted stock units (RSUs), each representing a contingent right to receive one share of Cognex Corporation common stock.
- Following the vesting, 1,056 shares were disposed of at a price of $27.83 to satisfy tax withholding obligations.
- After these transactions, Fehr directly owns 9,111 shares of common stock.
- Fehr also holds derivative securities including non-qualified stock options for 160,915 shares and 25,424 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment, but rather provides factual information.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency into the transactions of company insiders.
Comparison to Industry Standards
- Executive compensation packages including stock options and restricted stock units are standard practice in the technology industry to align management's interests with those of shareholders.
- Companies like Keyence, Omron, and National Instruments also utilize similar equity-based compensation strategies for their executives.
- The vesting schedules and exercise prices of the options and RSUs are within typical ranges observed in comparable companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation and do not indicate a change in the company's fundamentals.
- Employees may be interested in the details of executive compensation as a benchmark for their own potential equity awards.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | First anniversary of the grant date of the restricted stock units; approximately 20% vest. |
| 02/18/2026 | Date when non-qualified stock options become exercisable and restricted stock units vest. |
| 10/31/2026 | Deadline for the reporting person to relocate to Massachusetts. |
| 05/06/2025 | Date of the reported transactions: vesting of RSUs and sale of shares for tax obligations. |
| 05/06/2027 | Date when 50% of the restricted stock units vest. |
| 05/06/2028 | Date when non-qualified stock options become exercisable. |
| 02/18/2035 | Expiration date of non-qualified stock options. |
Keywords
Cognex Corp, Dennis Fehr, CGNX, Form 4, Stock Options, Restricted Stock Units, Insider Trading, Beneficial Ownership, SVP, CFO
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