Form 4: Frederick Wasch Receives Stock Grant from Immersion Corp

Director Frederick Wasch received a grant of 17,242 shares of restricted stock from Immersion Corporation on April 29, 2024.

Summary

• On April 29, 2024, Frederick Wasch, a director of Immersion Corporation, was granted 17,242 shares of restricted stock.
• The grant was made according to the Issuer's director compensation policy.
• The restricted stock will vest on the earlier of April 29, 2025, or the date of the Issuer's 2025 annual meeting of stockholders, contingent upon continued service.
• Vesting is subject to acceleration upon the occurrence of certain events.

Sentiment

Score: 7

Explanation: The document reflects a standard compensation practice, indicating stability and alignment of interests. It's a neutral event with a slightly positive implication for corporate governance.

Positives

• The grant of restricted stock aligns the director's interests with those of the shareholders.
• The vesting schedule incentivizes continued service by the director.

Future Outlook

The director's compensation is tied to the company's performance through the vesting of the restricted stock.

Industry Context

Stock grants are a common form of compensation for directors, aligning their interests with shareholders and incentivizing long-term value creation.

Stakeholder Impact

• Shareholders: Aligned interests with the director through stock ownership.
• Employees: Standard compensation practice may contribute to overall morale.
• Director: Incentivized to contribute to the company's success.

Next Steps

• Director to continue service to meet vesting requirements.
• Immersion Corp to hold its 2025 annual meeting of stockholders.

Key Dates