Form 4: Duos Technologies Group Director Acquires Shares as Compensation
SEC Form 4
Ned Mavrommatis, a director of Duos Technologies Group, acquired 2,547 shares of common stock as compensation for his services.
Summary
- On September 30, 2024, Ned Mavrommatis, a director of Duos Technologies Group, acquired 2,547 shares of common stock.
- The shares were acquired as compensation for his services as a Director of the Issuer.
- The price per share was $2.9447.
- Following the transaction, Mr. Mavrommatis directly owns 33,307 shares of Duos Technologies Group.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a routine transaction related to director compensation.
Positives
- A director receiving shares as compensation aligns their interests with the company's performance.
Management Comments
- The shares were issued to Mr. Mavrommatis as compensation shares for his services as a Director of the Issuer.
Industry Context
Director compensation in the form of equity is a common practice to incentivize and align the interests of board members with the long-term success of the company.
Stakeholder Impact
- The transaction increases the director's stake in the company, potentially aligning his interests more closely with those of other shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Ned Mavrommatis acquired shares of common stock. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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