Form 4: Director Douglas C. Carlisle Acquires Shares in nLight, Inc. Through Stock Units

Director Douglas C. Carlisle acquired 3,173 shares of nLight, Inc. common stock through restricted stock units in lieu of cash retainer fees.

Summary

• Douglas C. Carlisle, a director of nLight, Inc., acquired 3,173 shares of common stock on January 2, 2025.
• The shares were acquired through restricted stock units (RSUs) in lieu of cash retainer fees for board service.
• Each RSU represents a contingent right to receive one share of nLight's common stock upon vesting.
• The number of RSUs granted was calculated by dividing the retainer fees by the closing stock price on the grant date.
• The RSUs will vest on December 31, 2025, contingent on continued service as a non-employee director.

Sentiment

Score: 7

Explanation: The document indicates a positive alignment of interests between the director and shareholders through equity compensation, which is generally viewed favorably. The transaction is expected and routine.

Positives

• The acquisition of shares by a director demonstrates confidence in the company's future.
• Using stock units instead of cash for director fees aligns director interests with shareholder value.

Risks

• The vesting of the restricted stock units is contingent on the director's continued service, which could be a risk if the director leaves the board before the vesting date.

Future Outlook

The restricted stock units will vest on December 31, 2025, contingent on the director's continued service.

Management Comments

• The reporting person has elected to receive restricted stock units in lieu of cash retainer fees payable for service on the Issuer's board of directors and any committees thereof.

Industry Context

The use of stock-based compensation for board members is a common practice in the technology industry to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Many technology companies use restricted stock units as part of their compensation packages for directors.
• This practice is similar to companies like AMD, Intel, and Nvidia, which also use equity-based compensation to attract and retain board members.
• The vesting period of one year is also a common practice in the industry.

Stakeholder Impact

• Shareholders may view this as a positive sign of director commitment.
• Employees may see this as a sign of stability and alignment of interests.

Next Steps

• The director will continue to serve on the board.
• The restricted stock units will vest on December 31, 2025, if the director remains on the board.

Key Dates

Keywords

nLight, Director, Stock Units, Restricted Stock Units, RSU, Share Acquisition, Board of Directors, Equity Compensation