Form 4: DZS Inc. Chief Product Officer 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 October 1, 2024, Miguel Alonso, the Chief Product Officer of DZS Inc., had 1,250 restricted stock units vest.
- These units represent the third vesting of restricted stock units issued on October 1, 2021.
- DZS Inc. withheld 420 shares at a price of $0.56 to satisfy tax withholding requirements related to the vesting.
- Following these transactions, Alonso directly owns 74,400 shares of DZS Inc. common stock and 1,250 restricted stock units.
- The remaining restricted stock units will vest on October 1, 2025, contingent upon continued employment.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions, and does not inherently convey positive or negative sentiment.
Future Outlook
The remaining restricted stock units will vest on October 1, 2025, subject to the reporting person's continued employment with the issuer on such vesting date.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, and is a standard practice for publicly traded companies.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 10/01/2021 | Date the restricted stock units were issued. |
| 10/01/2024 | Date of the reported transaction (vesting of restricted stock units). |
| 10/01/2025 | Date of the final vesting of the remaining restricted stock units. |
| 10/02/2024 | Date of signature on the Form 4 filing. |
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