Form 4: MGO Global Inc. CFO Dana Perez Reports Acquisition of 3,000 Shares of Restricted Common Stock

Dana Perez, CFO of MGO Global Inc., reports acquiring 3,000 shares of restricted common stock on January 7, 2025.

Summary

• On January 7, 2025, Dana Perez, the Chief Financial Officer of MGO Global Inc., acquired 3,000 shares of restricted common stock.
• The shares were granted pursuant to the Restricted Stock Agreement under the MGO Global Inc. 2022 Equity Incentive Plan, as amended.
• The shares vested on the date of the grant.
• Following the transaction, Ms. Perez beneficially owns 37,937 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction (equity grant to CFO), which is generally viewed neutrally to positively as it aligns management with shareholder interests. There are no indications of negative performance or concerns.

Positives

• The grant of restricted stock to the CFO aligns her interests with those of the shareholders.
• The immediate vesting of the shares could incentivize the CFO to contribute to the company's success.

Industry Context

This type of equity grant is a common practice for incentivizing key executives in publicly traded companies.

Comparison to Industry Standards

• Equity compensation is a standard practice across publicly listed companies to align management's interests with shareholders.
• Companies like Nike, Adidas, and Puma also utilize equity incentive plans for their executives.
• The specific terms of the grant, such as vesting schedules and the number of shares, are typically benchmarked against industry peers to ensure competitiveness.

Stakeholder Impact

• The equity grant aligns the CFO's interests with those of the shareholders, potentially leading to better decision-making for the company's long-term success.

Key Dates

Keywords

MGO Global Inc., Dana Perez, CFO, restricted stock, equity incentive plan, beneficial ownership, Form 4, SEC