Form 4: Immersion Corp Executive William C. Martin Reports Changes in Beneficial Ownership
SEC Form 4 Filing
William C. Martin, Chief Strategy Officer at Immersion Corporation, reports changes in beneficial ownership due to tax withholding obligations upon vesting of restricted stock units.
Summary
- On October 1, 2024, William C. Martin, Chief Strategy Officer of Immersion Corporation, had shares withheld to cover tax obligations related to the vesting of restricted stock units.
- A total of 11,401 shares were withheld at a price of $8.69 to satisfy tax obligations upon restricted stock units vesting.
- An additional 11,401 shares were withheld at a price of $8.69 to satisfy tax obligations upon performance-based restricted stock units vesting.
- Following these transactions, Martin directly owns 1,346,463 shares of Immersion Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't indicate positive or negative performance for the company.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it primarily concerns the executive's tax obligations.
Key Dates
| Date | Description |
|---|---|
| 10/01/2024 | Date of transaction involving the withholding of shares for tax obligations. |
| 10/03/2024 | Date of signature on the Form 4 filing. |
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