Form 4: OneSpan Inc. Director Zenner Marc Acquires Deferred Restricted Stock Units
SEC Form 4
Director Zenner Marc acquired 6,635 deferred restricted stock units of OneSpan Inc. on January 2, 2025, which will vest on January 2, 2026.
Summary
- On January 2, 2025, OneSpan Inc. Director Zenner Marc 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 will be delivered upon the earlier of the director's cessation of service on the Board or a change of control of the issuer.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation, and doesn't inherently indicate positive or negative sentiment.
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 is a standard Form 4 filing, reflecting a director's acquisition of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The acquisition of restricted stock units by a director aligns their interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 01/02/2025 | Date of transaction: Director Zenner Marc acquired deferred restricted stock units. |
| 01/02/2026 | Vesting date of the deferred restricted stock units. |
| 01/06/2025 | Date of signature for the Form 4 filing. |
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