Form 4: Cognex Director Anthony Sun Converts RSUs
Insider Transaction Report
Cognex Corp. Director Anthony Sun reported the conversion of 2,913 restricted stock units into common stock, increasing his direct beneficial ownership.
Summary
- Anthony Sun, a Director of Cognex Corp. (CGNX), reported a change in beneficial ownership.
- On February 21, 2026, Sun acquired 2,913 shares of Common Stock through the conversion of Restricted Stock Units (RSUs).
- The transaction price for the conversion was $0.0 per share, which is typical for RSU vesting.
- Following this transaction, Sun directly owns 335,085 shares of Common Stock.
- He also indirectly owns 52,608 shares of Common Stock through Sun Management Associates, LLC.
- The converted RSUs were part of a grant from February 21, 2023, with a vesting schedule of approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date, respectively.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral event, representing a standard, pre-scheduled vesting and conversion of executive compensation, with no direct positive or negative implications for company performance or strategy.
Positives
- Director Anthony Sun increased his direct beneficial ownership of Cognex common stock by 2,913 shares.
- The conversion of Restricted Stock Units (RSUs) into common stock represents a pre-scheduled compensation event, aligning director incentives with shareholder interests.
Future Outlook
This filing does not contain forward-looking statements or guidance regarding Cognex Corporation's future performance.
Industry Context
StockSavvy.ai notes that routine insider transactions like RSU conversions are common across industries, reflecting standard executive compensation practices and generally do not signal specific market trends or competitive shifts.
Related Party Transactions
- Anthony Sun's indirect ownership of 52,608 shares of Common Stock and 88,000 Non-Qualified Stock Options is held through Sun Management Associates, LLC, where he is a member. He disclaims beneficial ownership except to the extent of his pecuniary interest.
Stakeholder Impact
- Shareholders: The transaction increases a director's direct ownership, potentially aligning interests, but is a routine compensation event with minimal immediate impact.
- Employees: No direct impact on employees is indicated by this filing.
Next Steps
- Remaining Restricted Stock Units (RSUs) from the February 21, 2023 grant will continue to vest on their scheduled anniversaries (30% on the second anniversary and 50% on the third anniversary).
Key Dates
| Date | Description |
|---|---|
| 02/21/2018 | Grant date for Non-Qualified Stock Option with an exercise price of $38.39, expiring on 02/21/2027. |
| 02/20/2019 | Grant date for Non-Qualified Stock Option with an exercise price of $56.44, expiring on 02/20/2028. |
| 02/19/2020 | Grant date for Non-Qualified Stock Option with an exercise price of $51.49, expiring on 02/19/2029. |
| 02/18/2021 | Grant date for Non-Qualified Stock Option with an exercise price of $50.94, expiring on 02/18/2030. |
| 02/21/2023 | Grant date for Restricted Stock Units (RSUs) that vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries, respectively. |
| 02/21/2024 | First vesting anniversary for the 2023 RSU grant. |
| 02/21/2026 | Transaction date for the conversion of 2,913 Restricted Stock Units into Common Stock. |
| 02/24/2026 | Signature date of the reporting person for the Form 4 filing. |
| 02/17/2027 | Expiration date for 4,817 Restricted Stock Units. |
| 02/21/2027 | Expiration date for Non-Qualified Stock Option with an exercise price of $38.39. |
| 02/20/2028 | Expiration date for Non-Qualified Stock Option with an exercise price of $56.44. |
| 02/19/2029 | Expiration date for Non-Qualified Stock Option with an exercise price of $51.49. |
| 02/18/2030 | Expiration date for Non-Qualified Stock Option with an exercise price of $50.94. |
Keywords
Cognex Corp, CGNX, Anthony Sun, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, RSU Conversion, Director Stock Ownership
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