4/A: Daktronics Executive Corrects Stock Option Exercise Price in Amended SEC Filing
SEC Filing (Form 4/A)
Matthew Kurtenbach, VP of Manufacturing at Daktronics, files an amendment to a previous SEC Form 4/A to correct the exercise price of incentive stock options.
Summary
- Matthew Kurtenbach, VP of Manufacturing at Daktronics, filed an amended SEC Form 4/A on September 19, 2024, to correct the exercise price of incentive stock options.
- The original Form 4/A, filed on September 11, 2024, inadvertently misstated the exercise price.
- The corrected exercise price for the incentive stock options is $11.87.
- The incentive stock options vest 20% each year for a total of five years, starting on August 23, 2025, and ending on August 23, 2029.
- Following the reported transaction, Kurtenbach directly owns 21,286 shares of Daktronics common stock.
Sentiment
Score: 7
Explanation: The document is a routine correction of a previous filing, indicating standard corporate governance practices. There is no indication of positive or negative sentiment, but the correction itself is a positive sign of transparency.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of transaction involving incentive stock options. |
| 09/11/2024 | Date of original Form 4/A filing which contained an error. |
| 09/19/2024 | Date of amended Form 4/A filing to correct the exercise price. |
| 08/23/2025 | First vesting date for the incentive stock options (20%). |
| 08/23/2026 | Second vesting date for the incentive stock options (20%). |
| 08/23/2027 | Third vesting date for the incentive stock options (20%). |
| 08/23/2028 | Fourth vesting date for the incentive stock options (20%). |
| 08/23/2029 | Final vesting date for the incentive stock options (20%). |
| 09/08/2034 | Expiration date of the incentive stock options. |
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