Form 4: Immersion Corp Executive William C. Martin Reports Acquisition of Common Stock in Lieu of Bonus

William C. Martin, Chief Strategy Officer of Immersion Corp, acquired 35,565 shares of common stock on May 3, 2024, in lieu of a bonus.

Summary

• On May 3, 2024, William C. Martin, Chief Strategy Officer of Immersion Corp, acquired 35,565 shares of common stock.
• The acquisition was in lieu of a bonus earned during the first quarter of 2024, less applicable withholding taxes and amounts required to be paid in cash.
• The total number of shares was calculated by dividing the bonus earned, subtracting applicable taxes and cash payments, and dividing the remainder by the closing price on May 3, 2024.
• Following the transaction, Martin directly owns 1,025,389 shares of Immersion Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine transaction of stock being issued in lieu of a bonus. There's no indication of significant positive or negative implications.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Industry Context

This type of transaction, where executives receive stock in lieu of cash compensation, is relatively common in the tech industry and can be used to align executive incentives with shareholder value.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it demonstrates the executive's alignment with the company's success.

Key Dates