Form 4: Duos Technologies Director Lonegro Acquires Shares as Compensation
SEC Form 4 Filing
Frank A. Lonegro, a director of Duos Technologies Group, Inc., acquired 2,308 shares of common stock as compensation for his services.
Summary
- On March 28, 2024, Frank A. Lonegro, a director of Duos Technologies Group, Inc., acquired 2,308 shares of common stock.
- The shares were issued as compensation for his services as a Director of the Issuer.
- The price of the acquired shares was $4.3334 per share.
- Following the transaction, Mr. Lonegro directly owns 7,143 shares.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive as it reflects standard director compensation practices, aligning interests with shareholders.
Positives
- A director receiving shares as compensation aligns their interests with the company's performance.
Management Comments
- These shares were issued to Mr. Lonegro as compensation shares for his services as a Director of the Issuer.
Industry Context
Director compensation in the form of stock is a common practice to align management's interests with shareholders.
Stakeholder Impact
- The acquisition of shares by a director can positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 03/28/2024 | Date of transaction: Frank A. Lonegro acquired shares of Duos Technologies Group, Inc. |
| 04/02/2024 | Date of signature on the Form 4 filing. |
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