Form 4: Digi International Director Acquires Shares Through Restricted Stock Units

Director Hughes Allison West acquired 4,142 shares of Digi International Inc. common stock through restricted stock units on February 10, 2025.

Summary

• On February 10, 2025, Hughes Allison West, a director of Digi International Inc. (DGII), acquired 4,142 shares of common stock.
• The acquisition was made through restricted stock units (RSUs).
• These RSUs are scheduled to vest and settle into shares of common stock, with 50% vesting on February 10, 2026, and the remaining 50% on February 10, 2027.
• The price per share at the time of acquisition was $0.
• Following the transaction, West directly owns 4,142 shares of Digi International Inc.

Sentiment

Score: 6

Explanation: Neutral sentiment as it's a standard disclosure of stock acquisition through previously agreed compensation.

Future Outlook

The director's holdings will increase as the restricted stock units vest over the next two years, assuming continued service.

Industry Context

Form 4 filings are routine disclosures for corporate insiders and provide transparency into their transactions in company stock. This transaction reflects a director's increased stake in the company, aligning their interests with those of shareholders.

Stakeholder Impact

• The transaction increases the director's alignment with shareholder interests.

Key Dates

Keywords

Digi International Inc., Director, Hughes Allison West, Form 4, Restricted Stock Units, DGII, Beneficial Ownership, Acquisition