Form 4: Lantronix Director Kevin S. Palatnik Acquires Restricted Stock Units

Director Kevin S. Palatnik acquired 19,599 Restricted Stock Units (RSUs) of Lantronix Inc. on November 5, 2024, which will vest over one year.

Summary

• On November 5, 2024, Kevin S. Palatnik, a director of Lantronix Inc., acquired 19,599 Restricted Stock Units (RSUs).
• These RSUs convert into common stock on a one-for-one basis.
• The RSUs will vest in two tranches: half of the shares will vest six months after the grant date, and the remaining half will vest on the first anniversary of the grant date, resulting in full vesting after one year.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing regarding stock ownership. It doesn't inherently convey positive or negative sentiment.

Industry Context

This is a standard Form 4 filing, reflecting a director's acquisition of company stock, often part of a compensation package. Such filings are common and provide transparency into insider ownership.

Stakeholder Impact

• The acquisition of RSUs by a director can be viewed positively by shareholders as it aligns the director's interests with the company's performance.

Key Dates