4/A: Daktronics Executive Bradley T. Wiemann Corrects Stock Option and RSU Disclosures in Amended SEC Filing
SEC Filing (Form 4/A)
Bradley T. Wiemann, an Executive Vice President at Daktronics, files an amended SEC Form 4/A to correct previously misstated information regarding incentive stock options (ISOs) and restricted stock units (RSUs) granted on September 9, 2024.
Summary
- Bradley T. Wiemann, an Executive Vice President at Daktronics, filed an amended SEC Form 4/A on September 19, 2024, to correct errors in a previous filing regarding the grant of incentive stock options (ISOs) and restricted stock units (RSUs).
- The original filing, made on September 11, 2024, and amended on September 12, 2024, contained inaccuracies in the exercise price of the ISOs, the number of RSUs granted, the number of ISOs granted, and the total number of ISOs and RSUs beneficially owned.
- The corrected filing reflects the accurate amounts for these items in Table II.
- On September 9, 2024, Wiemann was granted 2,270 Restricted Stock Units (RSUs) and Incentive Stock Options with an exercise price of $11.87.
- The RSUs vest 20% each year for five years, starting August 23, 2025.
- The ISOs also vest 20% each year for five years, starting August 23, 2025, and expiring on September 8, 2034.
- Following the reported transaction, Wiemann beneficially owns 6,254 RSUs and 43,786 ISOs.
Sentiment
Score: 7
Explanation: The sentiment is neutral. It's a correction of a previous filing, indicating a commitment to accuracy and transparency, but also highlighting a prior error.
Negatives
- The original SEC filing contained misstatements regarding the exercise price of ISOs, the number of RSUs granted, the number of ISOs granted, and the total number of ISOs and RSUs beneficially owned.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the equity holdings of company executives.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of the original transaction (grant of ISOs and RSUs). |
| 09/11/2024 | Date of the original Form 4 filing. |
| 09/12/2024 | Date of the first amended Form 4/A filing. |
| 09/19/2024 | Date of the current amended Form 4/A filing. |
| 08/23/2025 | First vesting date for both RSUs and ISOs (20% vesting annually for five years). |
| 09/08/2034 | Expiration date for the Incentive Stock Options. |
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