Form 4: Extreme Networks CEO Edward Meyercord Reports Stock Transactions
SEC Form 4 Filing
Edward Meyercord, CEO of Extreme Networks, reports the vesting and subsequent tax withholding of shares related to restricted stock units.
Summary
- On May 15, 2024, Edward Meyercord, the President and CEO of Extreme Networks, engaged in transactions involving common stock and restricted stock units (RSUs).
- Meyercord acquired 26,055 shares of common stock through the vesting of RSUs.
- He also acquired 38,673 shares of common stock through the vesting of additional RSUs.
- A total of 10,253 shares were withheld to cover income and payroll taxes at a price of $10.84 per share.
- An additional 15,218 shares were withheld to cover income and payroll taxes at a price of $10.84 per share.
- Following these transactions, Meyercord directly owns 1,158,981 shares of Extreme Networks common stock and 193,365 derivative securities.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they primarily reflect internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 08/15/2022 | Original grant date for a Time-based RSU award that vests 1/3 on the one year anniversary and 1/12 each quarter thereafter. |
| 08/15/2023 | Original grant date for a Time-based RSU award that vests 1/3 on the one year anniversary and 1/12 each quarter thereafter. |
| 05/15/2024 | Date of the reported transactions involving common stock and restricted stock units. |
| 05/16/2024 | Date of signature for the report. |
| 08/15/2024 | Expiration date for some of the Restricted Stock Units. |
| 08/15/2025 | Expiration date for some of the Restricted Stock Units. |
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