Form 4: Data I/O Corp Executive Michael Tidwell Reports Stock Transaction
SEC Form 4 Filing
Michael Tidwell, Vice President of Marketing & Business Development at Data I/O Corp, reports the disposition of 2,965 shares to cover taxes on vesting issuance.
Summary
- On May 18, 2024, Michael Tidwell, Vice President of Marketing & Business Development at Data I/O Corp, disposed of 2,965 shares of common stock to cover taxes related to the vesting of Restricted Stock Units (RSUs).
- The shares were withheld at a price of $2.91, which is the average of the high and low prices for the day.
- Following the transaction, Tidwell directly owns 141,326 shares of Data I/O Corp common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a common practice of withholding shares to cover tax obligations upon the vesting of stock-based compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/18/2024 | Date of stock transaction (disposal of shares). |
| 05/21/2024 | Date of signature on the report. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.