Form 4: Daktronics VP of Manufacturing, Matthew Kurtenbach, Reports Stock Transactions
SEC Form 4 Filing
Matthew Kurtenbach, VP of Manufacturing at Daktronics, reports exercising incentive stock options and selling a small number of shares on July 9, 2024.
Summary
- On July 9, 2024, Matthew Kurtenbach, VP of Manufacturing at Daktronics, exercised incentive stock options to acquire 269 shares of common stock at a price of $13.31 per share.
- Simultaneously, Kurtenbach sold 269 shares of Daktronics common stock at a price of $13.85 per share.
- Following these transactions, Kurtenbach directly owns 208,906 shares of Daktronics common stock and 6,374 derivative securities.
- The incentive stock options were granted with a vesting schedule of 20% per year over 5 years, starting on August 23, 2015.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it simply reports stock transactions by an officer, which is a routine activity. There is no indication of positive or negative sentiment towards the company's prospects.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders, providing transparency into their trading activities. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Key Dates
| Date | Description |
|---|---|
| 08/23/2015 | Start date of the vesting schedule for the incentive stock options. |
| 08/23/2016 | Second vesting date for the incentive stock options. |
| 08/23/2017 | Third vesting date for the incentive stock options. |
| 08/23/2018 | Fourth vesting date for the incentive stock options. |
| 08/23/2019 | Final vesting date for the incentive stock options. |
| 07/09/2024 | Date of the reported transactions: exercising stock options and selling shares. |
| 09/04/2024 | Expiration date of the incentive stock options. |
| 07/10/2024 | Date of the signature on the Form 4 filing. |
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