Form 4: Lantronix VP of Engineering, Eric Bass, Reports Stock Transactions
SEC Form 4 Filing
Eric Bass, VP of Engineering at Lantronix, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- Eric Bass, VP of Engineering at Lantronix, filed a Form 4 detailing changes in beneficial ownership of Lantronix stock.
- On March 1, 2024, 14,816 restricted stock units vested, converting into common stock.
- Also on March 1, 2024, 4,392 shares were withheld to cover tax obligations at a price of $4.15 per share.
- Following these transactions, Bass directly owns 14,855 shares of Lantronix common stock and 44,451 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard compensation practices; neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of the regulatory landscape for publicly traded companies, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The vesting of RSUs and subsequent sale of shares to cover taxes may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| February 1, 2023 | Date of grant for the inducement restricted stock units. |
| March 1, 2024 | Vesting date of 14,816 restricted stock units and tax withholding of 4,392 shares. |
| March 4, 2024 | Date of the report filing. |
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