Form 4: DZS Inc. Chief Product Officer Miguel Alonso Reports Stock Transactions
SEC Form 4 Filing
Miguel Alonso, Chief Product Officer of DZS Inc., reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On July 1, 2024, Miguel Alonso, Chief Product Officer of DZS Inc., reported transactions related to restricted stock units.
- These transactions involve the vesting of restricted stock units issued on July 1, 2021, and July 1, 2022.
- A portion of the vested shares were withheld by DZS to satisfy tax obligations.
- The reported transactions resulted in changes to Alonso's beneficial ownership of DZS Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest on July 1, 2025, contingent upon Alonso's continued employment with DZS Inc.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- Shareholders are informed about executive compensation and stock ownership.
- Employees may be interested in the vesting schedules of restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 07/01/2021 | Date of issuance of some of the restricted stock units that vested. |
| 07/01/2022 | Date of issuance of some of the restricted stock units that vested. |
| 07/01/2024 | Date of the reported transactions (vesting of restricted stock units and tax withholding). |
| 07/03/2024 | Date of signature on the Form 4 filing. |
| 07/01/2025 | Future vesting date for remaining restricted stock units. |
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