Form 4: Daktronics VP of Manufacturing, Matthew Kurtenbach, Executes Stock Options and Sells Shares
SEC Form 4 Filing
Matthew Kurtenbach, VP of Manufacturing at Daktronics, exercised stock options and sold shares on July 11, 2024, according to a Form 4 filing with the SEC.
Summary
- On July 11, 2024, Matthew Kurtenbach, VP of Manufacturing at Daktronics, exercised incentive stock options to acquire 2,500 shares at $8.51 and 6,374 shares at $13.31.
- Simultaneously, Kurtenbach sold 2,500 shares at $14.12 and 6,374 shares at $13.81.
- Following these transactions, Kurtenbach directly owns 208,906 shares of Daktronics common stock.
- He also has indirect ownership of shares through a 401k plan.
Sentiment
Score: 5
Explanation: This is a routine filing related to stock option exercises and sales. It doesn't inherently indicate positive or negative sentiment, but rather reflects standard executive compensation practices.
Industry Context
Executive stock transactions are a normal part of corporate governance. Monitoring these transactions can provide insights into management's perspective on the company's valuation and future prospects.
Stakeholder Impact
- Shareholders may be interested in insider transactions as an indicator of management's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 08/23/2015 | Start of vesting schedule for some incentive stock options. |
| 08/23/2016 | Vesting date for some incentive stock options. |
| 08/23/2017 | Vesting date for some incentive stock options. |
| 08/23/2018 | Vesting date for some incentive stock options. |
| 08/23/2019 | Vesting date for some incentive stock options. |
| 08/23/2020 | Final vesting date for some incentive stock options. |
| 09/04/2024 | Expiration date for some incentive stock options. |
| 07/11/2024 | Date of transaction: exercise of stock options and sale of shares. |
| 07/11/2024 | Date of plan statement for 401k information. |
| 09/03/2025 | Expiration date for some incentive stock options. |
| 07/12/2024 | Date of signature on the Form 4 filing. |
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