Form 4: Immersion Corp CFO J. Michael Dodson Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
J. Michael Dodson, CFO of Immersion Corporation, sold 4,947 shares of common stock on June 13, 2024, to cover tax withholding obligations related to vesting RSUs.
Summary
- On June 13, 2024, J. Michael Dodson, the Chief Financial Officer of Immersion Corporation, sold 4,947 shares of the company's common stock.
- The sale was executed at a price of $10.68 per share.
- This transaction was conducted to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs).
- Following the transaction, Dodson directly owns 45,053 shares of Immersion Corporation.
Sentiment
Score: 6
Explanation: The document reports a routine transaction (sale of shares to cover taxes on vested RSUs) by a company executive. It's neutral to slightly positive as it indicates compensation being realized.
Industry Context
Sales of shares to cover tax obligations upon vesting of RSUs are a common practice among corporate executives and are generally not indicative of a negative outlook on the company.
Key Dates
| Date | Description |
|---|---|
| 06/13/2024 | Date of the stock sale transaction. |
| 06/14/2024 | Date of signature on the Form 4 filing. |
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