Form 4: OneSpan Inc. Director Boroditsky Acquires Deferred Restricted Stock Units
SEC Form 4
Director Marc Boroditsky acquired 6,635 deferred restricted stock units in OneSpan Inc. on January 2, 2025, which will vest on January 2, 2026.
Summary
- On January 2, 2025, Marc Boroditsky, a director of OneSpan Inc. (OSPN), acquired 6,635 deferred restricted stock units.
- These restricted stock units represent a contingent right to receive one share of OSPN common stock each.
- The deferred restricted stock units will vest on January 2, 2026, subject to the terms and conditions of the award agreement.
- Once vested, the shares underlying these units will be delivered to Boroditsky upon cessation of service on the issuer's Board of Directors or a change of control of the issuer.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation.
Future Outlook
The shares underlying the deferred restricted stock units will be delivered to the reporting person on the earlier to occur of the reporting person's cessation of service on the issuer's Board of Directors or a change of control of the issuer.
Industry Context
This filing reflects standard executive compensation practices, where restricted stock units are used to align the interests of directors with those of shareholders and incentivize long-term value creation.
Stakeholder Impact
- The acquisition of restricted stock units aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Director acquired 6,635 deferred restricted stock units. |
| 01/02/2026 | Vesting date of the deferred restricted stock units. |
| 01/06/2025 | Date of Form 4 filing. |
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