Form 4: Cognex Director Dianne M. Parrotte Acquires 2,000 Shares of Common Stock
SEC Form 4 Filing
Dianne M. Parrotte, a director at Cognex Corp, recently purchased 2,000 shares of the company's common stock at a price of $38.615 per share.
Summary
- On August 7, 2024, Dianne M. Parrotte, a director of Cognex Corp, acquired 2,000 shares of common stock at $38.615 per share.
- Following this transaction, Parrotte directly owns 11,340 shares of Cognex Corp.
- Parrotte also holds non-qualified stock options and restricted stock units (RSUs) for Cognex common stock.
Sentiment
Score: 7
Explanation: A director purchasing shares is generally viewed as a positive sign, suggesting confidence in the company's prospects. However, the impact is moderate as it's a single transaction and the amount is not exceptionally large relative to the company's market capitalization.
Positives
- A director's purchase of company stock can be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC when a company insider, such as a director, buys or sells shares of their company's stock. It provides transparency to the market regarding insider transactions.
Stakeholder Impact
- The stock purchase could have a slightly positive impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/02/2019 | Date of Non-Qualified Stock Option grant with an exercise price of $45.06 and an expiration date of 05/02/2028. |
| 02/19/2020 | Date of Non-Qualified Stock Option grant with an exercise price of $51.49 and an expiration date of 02/19/2029. |
| 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. |
| 02/22/2023 | Date of Restricted Stock Unit grant expiring on 02/22/2025. |
| 02/21/2024 | Date of Restricted Stock Unit grant expiring on 02/21/2026. |
| 08/07/2024 | Date of common stock purchase. |
| 08/08/2024 | Date of signature on the Form 4. |
| 02/20/2025 | Expiration date of Restricted Stock Unit grant. |
| 02/22/2025 | Expiration date of Restricted Stock Unit grant. |
| 02/21/2026 | Expiration date of Restricted Stock Unit grant. |
| 05/02/2028 | Expiration date of Non-Qualified Stock Option grant with an exercise price of $45.06. |
| 02/19/2029 | Expiration date of Non-Qualified Stock Option grant with an exercise price of $51.49. |
| 02/18/2030 | Expiration date of Non-Qualified Stock Option grant with an exercise price of $50.94. |
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.