Form 4: Data I/O Corp Director Edward J. Smith Acquires 14,100 Shares Through RSU Grant

Director Edward J. Smith acquired 14,100 shares of Data I/O Corp stock through a restricted stock unit (RSU) grant on May 16, 2024.

Summary

• On May 16, 2024, Edward J. Smith, a director of Data I/O Corp, acquired 14,100 shares of common stock through a restricted stock unit (RSU) grant.
• The price was $2.93 per share, based on the average of the high and low prices for the day.
• Following the transaction, Smith directly owns 37,815 shares of Data I/O Corp.
• The RSU grant vests over the earlier of one year or the next Annual Meeting of Shareholders.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It reflects a standard transaction (RSU grant) that indicates a director's alignment with shareholder interests. There are no explicit negative indicators.

Positives

• The acquisition of shares by a director can be seen as a positive sign, indicating confidence in the company's future prospects.

Industry Context

This is a standard disclosure related to insider trading and is common for publicly traded companies. It reflects a director's investment in the company, which is often viewed positively by investors.

Comparison to Industry Standards

• Director stock ownership is a common practice in publicly traded companies.
• RSU grants are a typical form of executive compensation, aligning the interests of directors with those of shareholders.
• The vesting schedule of the RSU grant (one year or next Annual Meeting) is fairly standard.

Stakeholder Impact

• The increased ownership by a director could positively influence shareholder confidence.

Key Dates