Form 4: Cognex Corp Executive Laura MacDonald Reports Stock Option and Restricted Stock Unit Grants
SEC Form 4
Laura MacDonald, PFO & PAO of Cognex Corp, reports the acquisition of stock options and restricted stock units, along with a small disposal of common stock.
Summary
- Laura MacDonald, the PFO & PAO of Cognex Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of 33,168 non-qualified stock options with an exercise price of $33.04, vesting annually from February 18, 2026, and expiring on February 18, 2035.
- MacDonald also acquired 12,107 restricted stock units, vesting in stages from February 18, 2026, to February 18, 2028.
- She disposed of 3,765 shares of common stock.
- The report also lists MacDonald's existing holdings of Cognex Corp stock options and restricted stock units with various exercise prices and expiration dates.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. The grant of stock options and restricted stock units is a standard practice and generally viewed favorably as it aligns management's interests with shareholders. The small disposal of shares is not significant enough to warrant a negative sentiment.
Positives
- The grant of stock options and restricted stock units aligns MacDonald's interests with those of the shareholders, incentivizing her to improve company performance.
- The vesting schedules of the options and restricted stock units encourage long-term commitment to the company.
Negatives
- The disposal of 3,765 shares, while small, could be interpreted negatively by some investors.
Risks
- The value of the stock options is dependent on the future performance of Cognex Corp's stock price.
- Changes in company strategy or market conditions could impact the value of the stock options and restricted stock units.
Industry Context
Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders. The specific terms of these grants are typical for executive compensation within the technology sector.
Comparison to Industry Standards
- Stock option grants are a common component of executive compensation packages in the tech industry, used to incentivize performance and retain key personnel.
- Companies like Keyence, Omron, and Teledyne Technologies also utilize stock options and restricted stock units in their executive compensation plans.
- The vesting schedules and exercise prices are generally in line with industry standards for similar roles and company sizes.
Stakeholder Impact
- Shareholders: The grants align management's interests with shareholder value.
- Employees: The grants may serve as a positive signal regarding the company's commitment to its leadership team.
Key Dates
| Date | Description |
|---|---|
| 02/21/2018 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $38.39 and expiration date of 02/21/2027 |
| 02/20/2019 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $56.44 and expiration date of 02/20/2028 |
| 02/19/2020 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $51.49 and expiration date of 02/19/2029 |
| 02/18/2021 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $50.94 and expiration date of 02/18/2030 |
| 05/01/2022 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $48.28 and expiration date of 05/01/2029 |
| 02/16/2022 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $90.5 and expiration date of 02/16/2031 |
| 02/22/2023 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $64.43 and expiration date of 02/22/2032 and Restricted Stock Unit with vesting date of 02/22/2025 |
| 02/21/2024 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $47.21 and expiration date of 02/21/2033 and Restricted Stock Unit with vesting date of 02/21/2026 |
| 02/18/2025 | Date of transaction, grant of Non-Qualified Stock Option (right to buy) with exercise price of $33.04 and expiration date of 02/18/2035 and Restricted Stock Unit with vesting dates of 02/18/2026, 02/18/2028 |
| 02/20/2025 | Date of Non-Qualified Stock Option (right to buy) with exercise price of $39.44 and expiration date of 02/20/2034 and Restricted Stock Unit with vesting date of 02/20/2027 |
| 03/15/2025 | Date of Restricted Stock Unit with vesting date of 03/15/2027 |
| 02/18/2026 | First vesting date for new stock options and restricted stock units granted on 02/18/2025 |
Keywords
Cognex Corp, Laura MacDonald, Stock Options, Restricted Stock Units, Form 4, Beneficial Ownership, Executive Compensation
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