Form 4: Director Dennis Hogue Acquires Restricted Stock Units in American Software Inc
SEC Form 4 Filing
Dennis Hogue, a director of American Software Inc, reports the acquisition of 11,941 restricted stock units on May 1, 2024, vesting on May 1, 2025.
Summary
- On May 1, 2024, Dennis Hogue, a director of American Software Inc, acquired 11,941 restricted stock units (RSUs).
- These RSUs represent a contingent right to receive one share of AMSWA common stock each.
- The RSUs will vest in full on May 1, 2025, contingent upon Hogue's continued service as a director of the company.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, neither particularly positive nor negative.
Future Outlook
The vesting of the restricted stock units is contingent upon the director's continued service with the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: Dennis Hogue acquired 11,941 restricted stock units. |
| 05/01/2025 | Vesting date for the restricted stock units, contingent upon continued service as a director. |
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