Form 4: Data I/O Corp Director William Wentworth Receives RSU Grant

Director William Wentworth of Data I/O Corp received a grant of 14,100 Restricted Stock Units (RSUs) on May 16, 2024, vesting over one year or at the next Annual Meeting of Shareholders.

Summary

• William Wentworth, a director of Data I/O Corp, was granted 14,100 shares of common stock in the form of Restricted Stock Units (RSUs) on May 16, 2024.
• The RSUs vest over one year or at the next Annual Meeting of Shareholders.
• The price used to calculate the value of the grant was $2.93, based on the average of the high and low prices for the day.
• Following the transaction, Wentworth directly owns 24,500 shares of Data I/O Corp common stock.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of an RSU grant, which is generally viewed neutrally to positively as it aligns director interests with shareholders. There are no indications of negative sentiment.

Positives

• The RSU grant aligns the director's interests with those of the shareholders.
• The vesting schedule encourages long-term commitment from the director.

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 those of shareholders by incentivizing long-term value creation.

Comparison to Industry Standards

• Director compensation packages, including RSU grants, vary significantly across industries and company sizes.
• Comparing Data I/O Corp's director compensation to similar technology companies of comparable market capitalization would provide a more detailed assessment of its competitiveness.
• Companies like Identiv, Inc. and Lantronix, Inc. are similar in size and industry and could be used as benchmarks for comparison.

Stakeholder Impact

• The RSU grant aligns the director's interests with those of the shareholders, potentially leading to better corporate governance and decision-making.
• Employees may view the grant positively as it indicates the company's commitment to its leadership.

Key Dates