Form 4: Cognex Corp VP and PAO Laura MacDonald Reports Stock Transactions
SEC Form 4
Laura MacDonald, VP and PAO of Cognex Corp, reports the vesting of restricted stock units and subsequent tax withholding, along with adjustments to her holdings of common stock and stock options.
Summary
- On March 15, 2025, Laura MacDonald, VP and PAO of Cognex Corp, engaged in transactions involving common stock and restricted stock units.
- 246 restricted stock units vested, converting into common stock.
- 73 shares were disposed of to cover tax withholding obligations at a price of $31.51 per share.
- Following these transactions, MacDonald directly owns 7,259 shares of common stock and indirectly owns 20 shares through a child.
- MacDonald also holds various non-qualified stock options with exercise prices ranging from $33.04 to $90.50 and expiration dates between 2027 and 2035.
- She also holds restricted stock units that vest on various dates.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Executive compensation packages often include stock options and restricted stock units to align management's interests with those of shareholders.
- The vesting schedules and exercise prices of these instruments are typical for the industry.
- Companies like Keyence, Omron, and National Instruments also utilize similar equity-based compensation strategies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- They provide transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 02/16/2022 | Non-Qualified Stock Option (right to buy) $90.5 expires 02/16/2031 |
| 05/01/2022 | Non-Qualified Stock Option (right to buy) $48.28 expires 05/01/2029 |
| 02/22/2023 | Non-Qualified Stock Option (right to buy) $64.43 expires 02/22/2032 |
| 02/21/2024 | Restricted Stock Unit $0.0 expires 02/21/2026 |
| 03/15/2024 | Grant date for restricted stock units vesting approximately 20%, 30%, and 50% on the first, second, and third anniversaries, respectively. |
| 02/20/2025 | Non-Qualified Stock Option (right to buy) $39.44 expires 02/20/2034 |
| 02/20/2025 | Restricted Stock Unit $0.0 expires 02/20/2027 |
| 03/15/2025 | Transaction date for common stock and restricted stock units. |
| 02/18/2026 | Non-Qualified Stock Option (right to buy) $33.04 expires 02/18/2035 |
| 02/18/2026 | Restricted Stock Unit $0.0 expires 02/18/2028 |
| 03/15/2027 | Expiration date for restricted stock units. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.