Form 4: OneSpan CFO Jorge Garcia Martell Reports Stock Transactions
SEC Form 4 Filing
Chief Financial Officer of OneSpan Inc., Jorge Garcia Martell, reports the vesting and subsequent sale of restricted stock units.
Summary
- On March 6, 2024, Jorge Garcia Martell, the CFO of OneSpan Inc., reported transactions involving OneSpan's common stock.
- Martell exercised restricted stock units, converting 10,182 units into shares.
- Simultaneously, Martell sold 10,182 shares to cover tax obligations.
- Another 3,055 restricted stock units were converted into shares and sold to cover tax obligations.
- The sales were executed at a price of $9.58 per share.
- Following these transactions, Martell directly owns 35,599 shares of OneSpan Inc.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal impact on shareholders, as they are related to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 03/06/2024 | Date of stock transactions (exercise of restricted stock units and sale of shares). |
| 03/07/2024 | Date of signature on the Form 4 filing. |
| September 6, 2022 | Beginning date for vesting of restricted stock units. |
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