Form 4: DZS Inc. CFO Misty Dawn Kawecki Reports Stock Transactions
SEC Form 4 Filing
Misty Dawn Kawecki, CFO of DZS Inc., reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On August 2, 2024, Misty Dawn Kawecki, the Chief Financial Officer of DZS Inc., had 16,668 restricted stock units vest.
- These units represent the third vesting installment of restricted stock units issued on August 2, 2021, bringing the total vested to 50,000 units.
- DZS Inc. withheld 5,474 shares to satisfy tax withholding requirements at a price of $1.165 per share.
- Following these transactions, Kawecki directly owns 104,742 shares of DZS Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to executive compensation, and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company's stock. This filing indicates the CFO's compensation includes stock-based awards.
Stakeholder Impact
- The vesting of restricted stock units and subsequent tax withholding has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 08/02/2021 | Date of original restricted stock unit issuance. |
| 08/02/2024 | Date of restricted stock unit vesting and tax withholding. |
| 08/06/2024 | Date of Form 4 filing. |
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