Form 4: DZS Inc. Director Todd Jackson Reports Stock Transaction
SEC Form 4 Filing
Director Todd Jackson reports the vesting of 25,000 restricted stock units of DZS Inc. on September 30, 2024.
Summary
- On September 30, 2024, Todd Jackson, a director of DZS Inc., reported a transaction involving restricted stock units.
- 25,000 restricted stock units vested, representing the right to receive 25,000 shares of DZS Inc. common stock.
- This was the second vesting, bringing the total vested amount to 75,000 units out of those issued on September 6, 2024.
- Following the transaction, Jackson beneficially owns 75,000 shares.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is generally neutral. The vesting of stock units can be seen as a positive sign of alignment between the director and shareholder interests.
Stakeholder Impact
- The vesting of restricted stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/06/2024 | Date of issuance of restricted stock units |
| 09/30/2024 | Date of transaction (vesting of restricted stock units) |
| 10/02/2024 | Date of signature on the Form 4 filing |
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