Form 4: Data I/O Corp Director Wentworth Acquires 200,000 Shares

William O. Wentworth, a director and President of Data I/O Corp, acquired 200,000 shares of common stock on September 3, 2024, as an inducement grant.

Summary

• On September 3, 2024, William O. Wentworth, a Director and President of Data I/O Corp, acquired 200,000 shares of common stock.
• The shares were granted as an inducement, vesting quarterly over four years and expiring in six years.
• The price of the common stock was $2.3923 per share, based on the average of the high and low prices for the day.
• The shares vest on change in control.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of an insider transaction. The inducement grant could be seen as a positive sign of aligning management interests, but it's not a major event.

Positives

• The inducement grant to a key executive could align their interests with the company's long-term success.

Future Outlook

There are no specific forward-looking statements in this document.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. The inducement grant suggests the company is using equity to incentivize its executives.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder confidence, as it shows a director increasing their stake in the company.

Key Dates