Form 4: Daktronics VP of Manufacturing, Matthew Kurtenbach, Reports Stock Transactions
SEC Form 4
Matthew Kurtenbach, VP of Manufacturing at Daktronics, reports the vesting and subsequent disposal of common stock related to restricted stock units.
Summary
- On August 23, 2024, Matthew Kurtenbach, VP of Manufacturing at Daktronics, reported transactions involving Daktronics common stock.
- These transactions involved the vesting of restricted stock units (RSUs) and the subsequent disposal of shares to cover tax obligations.
- Specifically, 2,246 shares were acquired upon the vesting of RSUs, and 543 shares were disposed of at a price of $15.84 to satisfy tax withholding requirements.
- Following these transactions, Kurtenbach directly owns 210,609 shares of Daktronics common stock.
- He also holds 3,984 unvested restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives who receive stock-based compensation. It provides transparency into the trading activities of company insiders.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 09/05/2019 | Date of grant for Restricted Stock Units that vest 20% each year for five years beginning on 08/23/2020. |
| 09/03/2020 | Date of grant for Restricted Stock Units that vest 20% each year for five years beginning on 08/23/2021. |
| 09/02/2021 | Date of grant for Restricted Stock Units that vest 20% each year for five years beginning on 08/23/2022. |
| 09/07/2022 | Date of grant for Restricted Stock Units that vest 20% each year for five years beginning on 08/23/2023. |
| 09/11/2023 | Date of grant for Restricted Stock Units that vest 20% each year for five years beginning on 08/23/2024. |
| 08/23/2020 | First vesting date for Restricted Stock Units granted on 09/05/2019. |
| 08/23/2021 | First vesting date for Restricted Stock Units granted on 09/03/2020. |
| 08/23/2022 | First vesting date for Restricted Stock Units granted on 09/02/2021. |
| 08/23/2023 | First vesting date for Restricted Stock Units granted on 09/07/2022. |
| 08/23/2024 | Date of transaction: Vesting of RSUs and disposal of shares for tax obligations. |
| 08/27/2024 | Date of signature for the Form 4 filing. |
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.