Form 4: OneSpan Inc. Director McConnell Acquires Deferred Restricted Stock Units
SEC Form 4 Filing
Director Michael J. McConnell 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, Michael J. McConnell, a director of OneSpan Inc., acquired 6,635 deferred restricted stock units (RSUs).
- These RSUs will vest on January 2, 2026, contingent upon the terms of the award agreement.
- Upon vesting, the underlying shares of OneSpan common stock will be delivered to McConnell upon his cessation of service on the Board of Directors or a change of control of the issuer.
- The transaction was reported on a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock unit grants, indicating a neutral sentiment.
Industry Context
This is a standard SEC Form 4 filing, reflecting a director's acquisition of deferred restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The acquisition of deferred restricted stock units by a director aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Michael J. McConnell acquired 6,635 deferred restricted stock units. |
| 01/02/2026 | Vesting date for the 6,635 deferred restricted stock units. |
| 01/06/2025 | Date of Form 4 filing. |
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.