Form 4: OneSpan CFO Jorge Garcia Martell Reports Stock Transactions
SEC Form 4 Filing
OneSpan's CFO, Jorge Garcia Martell, reports the acquisition and disposal of OneSpan Inc. common stock and restricted stock units on August 23, 2024.
Summary
- On August 23, 2024, Jorge Garcia Martell, the Chief Financial Officer of OneSpan Inc. (OSPN), reported transactions involving the company's stock.
- Martell acquired 3,037 shares of common stock through the vesting of restricted stock units.
- Simultaneously, Martell disposed of 892 shares to cover tax obligations at a price of $16.12 per share.
- Following these transactions, Martell directly owns 32,744 shares of OneSpan Inc.
- Martell also holds 9,113 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions by an insider. It doesn't inherently indicate positive or negative sentiment about the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of key personnel.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider trading activity.
- The disposal of shares to cover tax obligations has a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| February 23, 2023 | Start date for the vesting of restricted stock units over three years. |
| February 23, 2024 | First vesting date for one-third of the restricted stock units. |
| August 23, 2024 | Date of the reported stock transactions: acquisition of shares from vested RSUs and disposal of shares for tax obligations. |
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