Form 4: DZS Inc. Executive Alonso Miguel Reports Stock Transactions
SEC Form 4 Filing
DZS Inc.'s Chief Product Officer, Alonso Miguel, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On June 10, 2024, Alonso Miguel, Chief Product Officer of DZS Inc., reported transactions involving the company's common stock.
- 6,250 restricted stock units vested, representing the fourth vesting of units issued on October 12, 2020.
- These units convert to an equal number of common stock shares.
- DZS withheld 2,041 shares at a price of $1.72 to cover tax obligations related to the vesting.
- Following these transactions, Alonso Miguel directly owns 33,723 shares of DZS Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and does not inherently indicate positive or negative sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation practices. Form 4 filings are required by the SEC to provide transparency into these transactions.
Stakeholder Impact
- The vesting of stock options and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 2020-10-12 | Date of issuance of restricted stock units. |
| 2024-06-10 | Date of vesting of restricted stock units and tax withholding. |
| 2024-06-11 | Date of signature on the Form 4 filing. |
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