Form 4: Logility Executive Mark Peterson Reports Cancellation and Conversion of Stock Options
SEC Form 4 Filing
VP & General Counsel Mark Peterson reports the cancellation and conversion of stock options following a corporate event.
Summary
- Mark Peterson, VP & General Counsel of Logility Supply Chain Solutions, Inc., filed a Form 4 detailing changes in beneficial ownership.
- The filing reports the cancellation of stock options with an exercise price equal to or greater than $14.30 for no consideration.
- Stock options with an exercise price less than $14.30 were cancelled and converted into the right to receive cash.
- The cash payment is calculated by multiplying the number of shares subject to the option by the difference between $14.30 and the exercise price, subject to tax withholding.
- The transactions occurred on April 4, 2025.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock option adjustments. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock option adjustments, likely triggered by a merger, acquisition, or other corporate event affecting Logility's capital structure.
Stakeholder Impact
- Shareholders may be interested in the details of executive compensation adjustments.
- Employees holding stock options are directly affected by the cancellation and conversion terms.
Key Dates
| Date | Description |
|---|---|
| 01/24/2028 | Expiration date of cancelled stock options with exercise price of $22.84 |
| 05/31/2029 | Expiration date of cancelled stock options with exercise price of $12.73 |
| 08/29/2030 | Expiration date of cancelled stock options with exercise price of $11.29 |
| 04/04/2025 | Date of stock option cancellation and conversion |
Keywords
Form 4, Stock Options, Beneficial Ownership, Logility, Executive Compensation, Securities Exchange Act
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