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

David H. Sampsell, a VP at Digi International, acquired 8,764 shares of common stock through restricted stock units.

Summary

• David H. Sampsell, a Vice President at Digi International, acquired 8,764 shares of common stock on November 26, 2024.
• The shares were acquired through restricted stock units at a price of $32.64 per share.
• These restricted stock units are scheduled to vest in four equal increments annually starting November 26, 2025.
• Following the transaction, Mr. Sampsell's total holdings are 88,216.503 shares.
• The reported holdings were updated to correct an error identified during a routine reconciliation.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation, which is generally viewed neutrally to slightly positive as it aligns executive interests with shareholders. The correction of a reconciliation error is a positive sign of internal controls.

Positives

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

Future Outlook

The restricted stock units will vest in four equal annual installments starting November 26, 2025, which could potentially increase the executive's holdings over time.

Industry Context

This is a routine filing related to executive compensation and is common in publicly traded companies. It reflects the company's compensation strategy and alignment of executive interests with shareholders.

Comparison to Industry Standards

• The use of restricted stock units is a common practice for executive compensation in the technology industry, aligning executive interests with long-term company performance.
• Many companies in the technology sector use similar vesting schedules for restricted stock units, typically over a 3-4 year period.
• The vesting schedule of four equal annual installments is a standard approach, similar to companies like Cisco, Juniper Networks, and Motorola Solutions.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns executive interests with the company's long-term performance.

Key Dates

Keywords

Digi International, DGII, insider trading, restricted stock units, executive compensation, share acquisition, Form 4