Form 4: Immersion Corp CEO Eric Singer Reports Stock Transactions

Eric Singer, CEO of Immersion Corp, reports the acquisition and disposal of common stock and the grant of restricted stock units.

Summary

• On April 1, 2024, Eric Singer, the CEO of Immersion Corp, disposed of 9,838 shares of common stock at $7.53 to cover tax obligations.
• On the same day, he was granted 150,000 restricted stock units (RSUs).
• Also on April 1, 2024, Singer disposed of 14,757 shares at $7.53 to cover tax obligations.
• On April 3, 2024, he disposed of 13,117 shares at $7.23 to cover tax obligations.
• Following these transactions, Singer directly owns 1,477,608 shares of Immersion Corp common stock.
• The 150,000 RSUs will vest on April 1, 2025, subject to certain conditions.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine disclosure of stock transactions by the CEO. The RSU grant is a positive sign of aligning management with shareholder interests, but the stock disposals are for tax obligations, which is a normal occurrence.

Positives

• The grant of 150,000 restricted stock units to the CEO aligns his interests with the long-term performance of the company.

Future Outlook

The 150,000 RSUs will vest on April 1, 2025, subject to change in control and severance provisions applicable to Mr. Singer's initial equity award.

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 CEO's holdings and alignment with shareholder interests.

Stakeholder Impact

• The transactions provide transparency to shareholders regarding the CEO's stock ownership.
• The RSU grant incentivizes the CEO to focus on long-term value creation for shareholders.

Key Dates