Form 4: Cognex EVP Carl Gerst Sells Shares Under 10b5-1 Trading Plan
SEC Form 4 Filing
Carl Gerst, EVP at Cognex Corp, executed sales of common stock on February 24 and 25, 2025, under a pre-arranged trading plan.
Summary
- Carl Gerst, an Executive Vice President at Cognex Corp, reported the sale of company stock.
- On February 24, 2025, he sold 6,803 shares of Common Stock at a price of $32.7253 per share.
- On February 25, 2025, he sold 4,566 shares of Common Stock at a price of $33.0479 per share.
- These transactions were executed under a pre-arranged trading plan in accordance with Rule 10b5-1.
- Following these transactions, Mr. Gerst directly owns 4,566 shares of Cognex Common Stock.
- Mr. Gerst also holds various non-qualified stock options and restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating routine stock sales by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning. The use of a 10b5-1 trading plan suggests the sales were pre-planned and not based on inside information.
Stakeholder Impact
- The stock sales could have a minor negative impact on shareholder sentiment, although the use of a 10b5-1 plan mitigates concerns about insider trading.
- The impact on employees, customers, suppliers, and creditors is likely to be negligible.
Key Dates
| Date | Description |
|---|---|
| 02/19/2020 | Date of Non-Qualified Stock Option (right to buy) |
| 02/18/2021 | Date of Non-Qualified Stock Option (right to buy) |
| 02/22/2023 | Date of Non-Qualified Stock Option (right to buy) |
| 02/21/2024 | Date of Non-Qualified Stock Option (right to buy) and Restricted Stock Unit |
| 02/20/2025 | Date of Non-Qualified Stock Option (right to buy) and Restricted Stock Unit |
| 02/24/2025 | Date of Common Stock Sale |
| 02/25/2025 | Date of Common Stock Sale |
| 10/30/2025 | Date of Non-Qualified Stock Option (right to buy) |
| 02/21/2026 | Date of Restricted Stock Unit |
| 02/18/2026 | Date of Non-Qualified Stock Option (right to buy) and Restricted Stock Unit |
| 02/20/2027 | Date of Restricted Stock Unit |
| 02/18/2028 | Date of Restricted Stock Unit |
| 02/19/2029 | Expiration Date of Non-Qualified Stock Option (right to buy) |
| 02/18/2030 | Expiration Date of Non-Qualified Stock Option (right to buy) |
| 10/30/2030 | Expiration Date of Non-Qualified Stock Option (right to buy) |
| 02/22/2032 | Expiration Date of Non-Qualified Stock Option (right to buy) |
| 02/21/2033 | Expiration Date of Non-Qualified Stock Option (right to buy) |
| 02/20/2034 | Expiration Date of Non-Qualified Stock Option (right to buy) |
| 02/18/2035 | Expiration Date of Non-Qualified Stock Option (right to buy) |
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