Form 4: Cognex Corp Executive Vice President Sheila DiPalma Reports Stock Transactions
SEC Form 4
Sheila Marie DiPalma, Executive Vice President of Employee Services at Cognex Corp, reports the vesting and subsequent sale of shares to cover tax obligations related to restricted stock units.
Summary
- Sheila Marie DiPalma, an Executive Vice President at Cognex Corp, filed a Form 4 detailing several transactions involving Cognex common stock.
- The transactions occurred between February 20, 2025, and February 22, 2025.
- DiPalma acquired shares through the vesting of restricted stock units (RSUs) and simultaneously disposed of shares to cover tax withholding obligations.
- Specifically, 2,536 shares vested on February 20, 2025, 3,177 shares vested on February 21, 2025, and 3,880 shares vested on February 22, 2025.
- Correspondingly, 879 shares were disposed of on February 20, 2025, at a price of $33.4, 993 shares were disposed of on February 21, 2025, at $32.78, and 1,139 shares were disposed of on February 22, 2025, also at $32.78, to satisfy tax obligations.
- Following these transactions, DiPalma directly owns 10,584 shares of Cognex common stock.
- DiPalma also holds various non-qualified stock options with exercise prices ranging from $33.04 to $65.9 and expiration dates between 2027 and 2035.
- She also holds restricted stock units that will vest in the future.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation. It doesn't indicate any specific positive or negative sentiment about the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. They provide transparency into the trading activities of company insiders.
Comparison to Industry Standards
- Executive compensation packages, including stock options and restricted stock units, are standard practice among publicly traded companies like Cognex.
- Companies such as Keyence, Omron, and National Instruments also utilize similar equity-based compensation to align executive interests with shareholder value.
- The vesting schedules and tax withholding practices observed in this filing are consistent with typical arrangements in the industry.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to routine executive compensation.
- Employees holding similar equity grants may experience similar transactions upon vesting.
Key Dates
| Date | Description |
|---|---|
| 02/18/2021 | Date of Non-Qualified Stock Option grant with an exercise price of $50.94 and an expiration date of 02/18/2030 |
| 02/22/2022 | Grant date for restricted stock units vesting approximately 20%, 30%, and 50% on the first, second, and third anniversaries, respectively. |
| 02/21/2023 | Grant date for restricted stock units vesting approximately 20%, 30%, and 50% on the first, second, and third anniversaries, respectively. |
| 02/22/2023 | Date of Non-Qualified Stock Option grant with an exercise price of $64.43 and an expiration date of 02/22/2032 |
| 02/20/2024 | Grant date for restricted stock units vesting approximately 20%, 30%, and 50% on the first, second, and third anniversaries, respectively. |
| 02/20/2025 | Vesting of 2,536 restricted stock units and sale of 879 shares at $33.4 to cover tax obligations. |
| 02/21/2025 | Vesting of 3,177 restricted stock units and sale of 993 shares at $32.78 to cover tax obligations. |
| 02/22/2025 | Vesting of 3,880 restricted stock units and sale of 1,139 shares at $32.78 to cover tax obligations. |
| 10/30/2025 | Date of Non-Qualified Stock Option grant with an exercise price of $65.9 and an expiration date of 10/30/2030 |
Keywords
Cognex, CGNX, Form 4, Sheila DiPalma, Stock Options, Restricted Stock Units, Executive Compensation, Insider Trading
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