Form 4: Lantronix Director Jason Cohenour Reports Stock Transactions
SEC Form 4 Filing
Director Jason Cohenour reports the vesting of restricted stock units and subsequent acquisition of common stock.
Summary
- On May 7, 2024, Jason Cohenour, a director of Lantronix Inc., reported the vesting of 8,484 restricted stock units (RSUs) which converted into an equal number of common stock shares.
- The RSUs were granted on November 7, 2023, and vested in two tranches: half vested six months after the grant date, and the remaining half vested on the first anniversary of the grant date.
- Following the transaction, Cohenour directly owns 8,484 derivative securities and 42,393 shares of common stock.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions, with no inherent positive or negative implications.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of RSUs and acquisition of shares may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 11/07/2023 | Grant Date of Restricted Stock Units |
| 05/07/2024 | Vesting of Restricted Stock Units and acquisition of Common Stock |
| 05/08/2024 | Date of Form 4 Filing |
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