Form 4: Cognex Corp: Matthew Moschner Reports Stock Option and Restricted Stock Unit Grants
SEC Form 4 Filing
Senior Vice President Matthew Moschner reports the acquisition of stock options and restricted stock units in Cognex Corp.
Summary
- Matthew Moschner, a Senior Vice President at Cognex Corp, filed a Form 4 detailing changes in beneficial ownership.
- The report indicates the acquisition of various non-qualified stock options and restricted stock units (RSUs).
- These options and RSUs have different exercise prices, grant dates, and vesting schedules.
- The earliest transaction date listed is February 20, 2018.
- The report details the number of derivative securities beneficially owned following the reported transactions.
Sentiment
Score: 7
Explanation: The document reflects a positive sentiment as it indicates continued investment in the company's leadership through equity compensation. This suggests confidence in the company's future performance.
Positives
- The granting of stock options and RSUs to a senior executive aligns his interests with those of the shareholders.
- The vesting schedules of the options and RSUs incentivize long-term performance and retention.
Industry Context
Stock options and restricted stock units are common forms of executive compensation in the technology industry, aligning management's interests with shareholder value.
Comparison to Industry Standards
- Companies like Keyence, Omron, and National Instruments also utilize stock options and RSUs as part of their compensation packages for senior executives.
- The specific terms of these grants, such as vesting schedules and exercise prices, are typically benchmarked against industry standards to attract and retain talent.
Stakeholder Impact
- Shareholders may view the granting of stock options and RSUs as a positive sign, aligning management's interests with their own.
- Employees may be motivated by the fact that senior management is incentivized to improve the company's performance.
Key Dates
| Date | Description |
|---|---|
| 02/20/2018 | Date of earliest transaction reported |
| 11/19/2018 | Grant date of 4,000 non-qualified stock options at $40.71 |
| 10/30/2019 | Grant date of 9,000 non-qualified stock options at $51.97 |
| 08/09/2021 | Grant date of 8,426 non-qualified stock options at $86.38 |
| 02/22/2022 | Grant date of 1,552 restricted stock units |
| 08/04/2022 | Grant date of 3,441 restricted stock units |
| 02/21/2023 | Grant date of 5,592 restricted stock units |
| 08/07/2023 | Grant date of 47,962 non-qualified stock options at $50.01 and 7,999 restricted stock units |
| 02/20/2024 | Grant date of 10,142 restricted stock units |
| 02/20/2025 | Report Date |
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