Form 4: Daktronics VP of Manufacturing, Matthew Kurtenbach, Reports Stock Transactions
SEC Form 4
Matthew Kurtenbach, VP of Manufacturing at Daktronics, reports multiple transactions involving the acquisition and disposition of Daktronics common stock and derivative securities on July 15th and 16th, 2024.
Summary
- Matthew Kurtenbach, VP of Manufacturing at Daktronics, filed a Form 4 detailing changes in beneficial ownership.
- On July 15th and 16th, 2024, Kurtenbach engaged in multiple transactions involving Daktronics common stock.
- These transactions included the exercise of incentive and non-qualified stock options, as well as the sale of common stock.
- The exercise prices for the options ranged from $8.51 to $9.63.
- Sales prices for the common stock ranged from $14.07 to $15.2.
- Following these transactions, Kurtenbach directly owns 208,906 shares of Daktronics common stock.
- Kurtenbach also holds derivative securities, including incentive and non-qualified stock options.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. This filing indicates the VP of Manufacturing's transactions in Daktronics stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/23/2016 | First vesting date for some incentive stock options. |
| 08/23/2017 | First vesting date for some incentive stock options. |
| 08/23/2018 | First vesting date for some incentive stock options. |
| 08/23/2019 | First vesting date for some incentive stock options. |
| 08/23/2020 | Final vesting date for some incentive stock options. |
| 08/23/2021 | Final vesting date for some non-qualified stock options. |
| 08/23/2022 | Final vesting date for some incentive stock options. |
| 09/03/2025 | Expiration date for some incentive stock options. |
| 08/31/2027 | Expiration date for some incentive stock options. |
| 09/01/2026 | Expiration date for some non-qualified stock options. |
| 07/15/2024 | Date of stock option exercises and sales. |
| 07/16/2024 | Date of stock option exercises and sales. |
| 07/17/2024 | Date of Form 4 signature. |
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