4/A: Daktronics Executive Corrects Stock Option Exercise Price in Amended SEC Filing
SEC Filing (Form 4/A)
Carla S. Gatzke, a Daktronics executive, filed an amendment to a previous SEC Form 4 to correct the exercise price of incentive stock options awarded on September 9, 2024.
Summary
- Carla S. Gatzke, Secretary and VP of Human Resources at Daktronics Inc., filed an amended Form 4/A with the SEC.
- The amendment corrects the exercise price of incentive stock options (ISOs) awarded to Gatzke on September 9, 2024.
- The original Form 4, filed on September 11, 2024, inadvertently misstated the exercise price.
- The corrected exercise price for the ISOs is $11.87.
- Gatzke directly owns 67,486 shares of Daktronics common stock.
- The incentive stock options vest 20% each year for a total of five years, starting August 23, 2025.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing correcting a minor error. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
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 holdings and potential incentives of company executives.
Key Dates
| Date | Description |
|---|---|
| 09/09/2024 | Date of the original transaction (grant of incentive stock options). |
| 09/11/2024 | Date of the original Form 4 filing. |
| 09/19/2024 | Date of the amended Form 4/A filing. |
| 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 | Fifth vesting date for the incentive stock options (20%). |
| 09/08/2034 | Expiration date for the incentive stock options. |
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