Form 4: Immersion Corp CEO Eric Singer Reports Stock Disposals to Cover Tax Obligations
SEC Form 4 Filing
Eric Singer, President and CEO of Immersion Corporation, reported the disposal of common stock to cover tax withholding obligations related to vesting restricted stock units and performance-based restricted stock units.
Summary
- On October 1, 2024, Eric Singer, the President and CEO of Immersion Corporation, disposed of 9,838 shares of common stock at a price of $8.69 to cover tax obligations related to vesting restricted stock units.
- On the same day, he disposed of another 9,838 shares at $8.69 to cover tax obligations related to vesting performance-based restricted stock units.
- On October 3, 2024, Singer disposed of 13,117 shares at $8.76 to cover tax obligations related to vesting restricted stock units.
- Following these transactions, Singer beneficially owns 1,880,074 shares of Immersion Corporation common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The stock disposals may have a minor impact on the stock price due to the increased supply, but the effect is likely to be minimal given the relatively small number of shares involved compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Disposal of 9,838 shares of common stock at $8.69 to cover tax obligations upon restricted stock units vesting. |
| 10/01/2024 | Disposal of 9,838 shares of common stock at $8.69 to cover tax obligations upon performance-based restricted stock units vesting. |
| 10/03/2024 | Disposal of 13,117 shares of common stock at $8.76 to cover tax obligations upon restricted stock units vesting. |
| 10/03/2024 | Date of signature for the report. |
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