Form 4: OneSpan CFO Jorge Garcia Martell Reports Stock Transactions
SEC Form 4
Chief Financial Officer of OneSpan Inc., Jorge Garcia Martell, reports the vesting and disposal of restricted stock units and performance stock units on May 14, 2025.
Summary
- On May 14, 2025, Jorge Garcia Martell, the CFO of OneSpan Inc., reported transactions involving OneSpan's common stock.
- These transactions included the vesting of 8,492 performance stock units (PSUs) and 2,264 restricted stock units.
- The CFO also disposed of 2,493 shares at a price of $16.1 and 665 shares at a price of $16.1 to cover tax obligations.
- Following these transactions, Martell directly owns 108,666 shares of OneSpan Inc.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices; therefore, the sentiment is neutral.
Future Outlook
An additional one-third of the earned PSUs will vest on each of December 31, 2025 and December 31, 2026, assuming the reporting person continues to be employed by the registrant on each such date.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 05/14/2025 | Date of stock transactions, including vesting of PSUs and RSUs, and disposal of shares. |
| 05/14/2024 | Date the reporting person was granted performance stock units (PSUs). |
| February 2025 | The registrant's Compensation Committee determined that the reporting person had earned 25,476 PSUs based on the 2024 financial metrics. |
| 12/31/2025 | Additional one-third of the earned PSUs will vest, assuming continued employment. |
| 12/31/2026 | Additional one-third of the earned PSUs will vest, assuming continued employment. |
Keywords
Form 4, OneSpan Inc., OSPN, Jorge Garcia Martell, CFO, Stock Transactions, Restricted Stock Units, Performance Stock Units, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.