Form 4: Data I/O Corp VP Gerald Ng Reports Stock Grant

Gerald Ng, Vice President and CFO of Data I/O Corp, reports the acquisition of 18,750 shares of common stock through a restricted stock unit (RSU) grant.

Summary

• On June 1, 2024, Gerald Ng, the Vice President and CFO of Data I/O Corp, acquired 18,750 shares of common stock.
• This acquisition was due to a restricted stock unit (RSU) grant.
• The price per share was $2.87, based on the average of the high and low prices for the day.
• Following this transaction, Ng's total beneficial ownership of Data I/O Corp common stock is 93,750 shares.
• The RSU grant vests annually over 3 years.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock grants to an executive, which is neither particularly positive nor negative.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The RSU grant vests annually over 3 years, suggesting a long-term incentive for the executive.

Industry Context

This is a routine disclosure related to executive compensation and is common in publicly traded companies.

Stakeholder Impact

• The stock grant could have a minor positive impact on shareholder sentiment, as it aligns executive interests with those of the shareholders.

Key Dates