Form 4: Data I/O Corp Director Sally Washlow Receives RSU Grant

Director Sally Washlow of Data I/O Corp received a grant of 14,100 Restricted Stock Units (RSUs) on May 16, 2024, at a price of $2.93 per share.

Summary

• Sally Washlow, a director of Data I/O Corp, was granted 14,100 Restricted Stock Units (RSUs) on May 16, 2024.
• The price per share for the RSU grant was $2.93, based on the average of the high and low prices for the day.
• The RSUs vest over the earlier of one year or the next Annual Meeting of Shareholders.
• Following the transaction, Washlow beneficially owns 52,351 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine director compensation event, which is generally viewed neutrally to positively as it aligns director interests with shareholders.

Positives

• The RSU grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service and contribution to the company.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

RSU grants are a common form of compensation for directors and executives in publicly traded companies, aligning their interests with shareholders and incentivizing long-term value creation.

Comparison to Industry Standards

• RSU grants are a standard compensation practice for directors in publicly traded companies like Data I/O Corp.
• The vesting period of one year or until the next annual meeting is also typical.
• Comparable companies in the technology sector, such as those listed on the NASDAQ, often use similar equity-based compensation plans to attract and retain talent.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• The grant has a minor dilutive effect on existing shareholders.

Key Dates