Form 4: Data Storage Corp Executive Exercises Stock Options

Data Storage Corp's Executive Vice President, Thomas Kempster, exercised stock options for 2,500 shares at $2.40 per share.

Summary

• Thomas Kempster, an Executive Vice President at Data Storage Corp, exercised stock options.
• The options were for 2,500 shares of common stock.
• The exercise price was $2.40 per share.
• The stock options vested in full on December 11, 2022.
• The options were exercised on December 10, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral report of a standard executive stock option exercise, with no positive or negative implications.

Industry Context

This is a standard transaction for executive compensation in publicly traded companies.

Comparison to Industry Standards

• Stock option exercises are a common form of executive compensation across various industries.
• The vesting period and exercise price are typical components of stock option agreements.
• Companies like Oracle, IBM, and Microsoft also use stock options as part of their executive compensation packages.

Stakeholder Impact

• The exercise of stock options by an executive may have a minor dilutive effect on existing shareholders.

Key Dates

Keywords

stock options, executive, Data Storage Corp, share exercise, common stock