Form 4: Daktronics VP of Manufacturing, Matthew Kurtenbach, Executes Stock Options and Sells Shares
SEC Form 4
Daktronics' VP of Manufacturing, Matthew Kurtenbach, exercised stock options and sold a portion of the acquired shares on December 11, 2024.
Summary
- Matthew Kurtenbach, VP of Manufacturing at Daktronics, exercised incentive stock options on December 11, 2024.
- The options were exercised at various prices, including $7.47, $4.11, $5.66, $3.02, and $9.85 per share.
- A total of 7,707 shares were sold at an average price of $8.3741 per share.
- Following these transactions, Mr. Kurtenbach beneficially owns 210,609 shares of Daktronics stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and stock transactions, common in publicly traded companies.
Comparison to Industry Standards
- Stock option exercises and sales are a standard part of executive compensation packages in publicly traded companies.
- The vesting schedules described are typical for incentive stock options.
- The transaction is similar to those seen at other companies such as Texas Instruments (TXN) or Analog Devices (ADI) where executives regularly exercise options and sell shares.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it represents a small change in the total shares outstanding.
Key Dates
| Date | Description |
|---|---|
| 09/05/2020 | Start of vesting schedule for some incentive stock options. |
| 08/23/2021 | Start of vesting schedule for some incentive stock options. |
| 08/23/2022 | Start of vesting schedule for some incentive stock options. |
| 08/23/2023 | Start of vesting schedule for some incentive stock options. |
| 09/05/2024 | End of vesting schedule for some incentive stock options. |
| 08/23/2024 | Start of vesting schedule for some incentive stock options. |
| 12/11/2024 | Date of stock option exercises and share sale. |
| 12/13/2024 | Date of signature on the SEC Form 4. |
| 08/23/2025 | Vesting date for some incentive stock options. |
| 08/23/2026 | Vesting date for some incentive stock options. |
| 08/23/2027 | Vesting date for some incentive stock options. |
| 08/23/2028 | Vesting date for some incentive stock options. |
| 09/03/2030 | Expiration date for some incentive stock options. |
| 09/01/2031 | Expiration date for some incentive stock options. |
| 09/07/2032 | Expiration date for some incentive stock options. |
| 09/10/2033 | Expiration date for some incentive stock options. |
Keywords
stock options, insider trading, executive compensation, share sale, Daktronics, DAKT
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.