Form 4: MIND Technology Director Alan Baden Acquires 17,000 Stock Options
SEC Form 4 Filing
Director Alan Perry Baden acquired 17,000 stock options in MIND Technology, Inc. on September 24, 2024.
Summary
- On September 24, 2024, Alan Perry Baden, a director of MIND Technology, Inc., acquired 17,000 stock options.
- The exercise price for these options is $3.99.
- The options vest in three equal installments: 1/3 on September 24, 2025, 1/3 on September 24, 2026, and 1/3 on September 24, 2027.
- The options expire on September 24, 2034.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a routine disclosure of stock option grants to a director.
Industry Context
This is a standard disclosure of stock option grants to a company director, a common practice in corporate governance to align management's interests with those of shareholders.
Stakeholder Impact
- The granting of stock options to a director can align their interests with those of shareholders, potentially incentivizing them to increase shareholder value.
Key Dates
| Date | Description |
|---|---|
| 09/24/2024 | Date of transaction: Alan Perry Baden acquired 17,000 stock options. |
| 09/24/2025 | First vesting date: 1/3 of the options vest. |
| 09/24/2026 | Second vesting date: 1/3 of the options vest. |
| 09/24/2027 | Third vesting date: Final 1/3 of the options vest. |
| 09/24/2034 | Expiration date of the options. |
| 09/26/2024 | Date of Form 4 filing. |
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