Form 4: Data I/O Corp Executive Michael Tidwell Reports Stock Transactions
SEC Form 4 Filing
Michael Tidwell, VP of Marketing & Corporate Business Development at Data I/O Corp, reports the acquisition and disposal of common stock related to RSU vesting and tax obligations.
Summary
- On June 1, 2024, Michael Tidwell, VP of Marketing & Corporate Business Development at Data I/O Corp, reported transactions involving the company's common stock.
- These transactions included the disposal of shares to cover taxes on vesting issuance at a price of $2.87 per share.
- Specifically, 2,223 shares, 1,853 shares and 1,976 shares were disposed of to cover taxes.
- Additionally, Mr. Tidwell acquired 12,500 shares through an RSU grant that vests annually over 3 years.
- Following these transactions, Mr. Tidwell beneficially owns 147,774 shares of Data I/O Corp common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and related to compensation and tax obligations. There is no indication of significant positive or negative sentiment.
Positives
- The RSU grant of 12,500 shares indicates continued investment in Data I/O Corp's future by its executives.
Future Outlook
The RSU grant vests annually over 3 years, suggesting a continued alignment of executive incentives with the company's long-term performance.
Industry Context
Executive stock transactions are common and closely monitored as they can provide insights into management's confidence in the company's prospects. RSU grants are a typical form of executive compensation in the tech industry.
Comparison to Industry Standards
- RSU grants vesting over 3 years are a fairly standard practice in the technology industry for aligning executive compensation with long-term company performance.
- Companies like Texas Instruments and Intel also use similar vesting schedules for their executive RSU grants.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation mechanisms.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of earliest transaction and reported transactions (disposal of shares for tax obligations and RSU grant). |
| 05/03/2024 | Date of signature by Gerald Y. Ng (POA for M Tidwell). |
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