Form 4: Cognex Director Marjorie T. Sennett Reports Stock Unit Activity
SEC Form 4 Filing
Director Marjorie T. Sennett reports the vesting and conversion of restricted stock units into common stock of Cognex Corp.
Summary
- On November 8, 2024, Marjorie T. Sennett, a director of Cognex Corp, reported a transaction involving restricted stock units.
- 272 restricted stock units vested and were converted into 272 shares of Cognex common stock at a price of $0.0.
- Following the transaction, Ms. Sennett directly owns 3,845 shares of common stock.
- Ms. Sennett also holds derivative securities including 6,973 restricted stock units exercisable on 02/20/2025, 2,134 restricted stock units exercisable on 02/22/2023, and 4,660 restricted stock units exercisable on 02/21/2024.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by a company director, with no inherent positive or negative implications.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in company stock. It is a standard practice for directors and officers of publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders, reflecting routine insider activity.
Key Dates
| Date | Description |
|---|---|
| 11/08/2021 | Grant date of restricted stock units, vesting approximately 20%, 30%, and 50% on the first, second, and third anniversaries respectively. |
| 02/22/2023 | Date restricted stock units are exercisable. |
| 02/21/2024 | Date restricted stock units are exercisable. |
| 11/08/2024 | Transaction date: conversion of restricted stock units to common stock. |
| 02/20/2025 | Date restricted stock units are exercisable. |
| 02/22/2025 | Expiration date of restricted stock units. |
| 02/21/2026 | Expiration date of restricted stock units. |
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