Form 4: Digi International VP, Supply Chain, Terrence G. Schneider, Reports Stock Transactions
SEC Form 4 Filing
Terrence G. Schneider, VP of Supply Chain at Digi International, reported multiple transactions involving the company's stock, including the sale of shares and the exercise of stock options.
Summary
- Terrence G. Schneider, VP of Supply Chain at Digi International, filed a Form 4 detailing several transactions.
- On November 26, 2024, Schneider exercised options to acquire 422 shares at $11.23 per share and sold 422 shares at an average price of $33.028, and another 99 shares at an average price of $33.0187.
- Also on November 26, 2024, Schneider acquired 6,274 restricted stock units at $32.64 per share, which will vest in four equal increments starting November 26, 2025.
- On November 29, 2024, Schneider sold 2,808 shares at an average price of $33.0613 and exercised options to acquire 12,078 shares at $11.23 per share, then sold them at an average price of $33.0788.
- Following these transactions, Schneider directly owns 26,924 shares of Digi International stock.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions by an executive, with no inherent positive or negative sentiment. It is a routine regulatory filing.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. It provides transparency into the transactions of company executives.
Comparison to Industry Standards
- Form 4 filings are standard practice for publicly traded companies in the US, ensuring transparency of insider transactions.
- The transactions reported are typical for executives who receive stock options and restricted stock units as part of their compensation.
- The sale prices are within the normal trading range for the stock, indicating no unusual market activity.
Stakeholder Impact
- The transactions may have a minor impact on the stock price, but are unlikely to significantly affect shareholders.
- The filing provides transparency to stakeholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 11/26/2024 | Date of multiple transactions including option exercises, share sales, and restricted stock unit acquisition. |
| 11/29/2024 | Date of additional transactions including share sales and option exercises. |
| 12/06/2025 | Expiration date for the employee stock options exercised on November 26 and 29, 2024. |
Keywords
Digi International, stock transactions, Form 4, insider trading, stock options, restricted stock units, share sales, executive compensation
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