DZSI.Dzs INC

Form 4: DZS Inc. Executive Gunter Reiss Reports Stock Transactions

Sentiment:

SEC Form 4

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Gunter Reiss, Chief Customer Officer at DZS Inc., reports the vesting and subsequent tax withholding of shares related to restricted stock units.

Summary

  • On February 10, 2024, Gunter Reiss, Chief Customer Officer, AEMEA, at DZS Inc., had 8,750 restricted stock units vest.
  • These units represent the second vesting of restricted stock units issued on February 10, 2022, bringing the total vested to 17,500 units.
  • Following the vesting, 3,750 shares were withheld by DZS to cover tax obligations at a price of $1.64 per share.
  • After these transactions, Reiss directly owns 13,705 shares of DZS Inc. common stock.
  • The remaining restricted stock units will vest on February 10, 2025, and February 10, 2026, contingent upon continued employment.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to stock transactions, with no inherent positive or negative sentiment.

Future Outlook

The remaining restricted stock units will vest on February 10, 2025, and February 10, 2026, contingent upon continued employment.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Key Dates

DateDescription
02/10/2022Date of initial grant of restricted stock units.
02/10/2024Date of the second vesting of restricted stock units and tax withholding.
02/10/2025Next vesting date for restricted stock units.
02/10/2026Final vesting date for restricted stock units.
04/19/2024Date of Form 4 filing.

Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.