Form 4: OneSpan Inc. Executive Lara Mataac Reports Stock Transactions
SEC Form 4 Filing
Lara Mataac, General Counsel of OneSpan Inc., reports the vesting of restricted stock units and subsequent sale of shares to cover tax obligations.
Summary
- On August 23, 2024, Lara Mataac, General Counsel of OneSpan Inc., reported transactions involving OneSpan's common stock.
- Mataac vested 1,822 restricted stock units (RSUs), each representing a contingent right to receive one share of OSPN common stock.
- Simultaneously, 535 shares were disposed of at a price of $16.12 to cover tax obligations related to the vesting of the RSUs.
- Following these transactions, Mataac directly owns 18,919 shares of OneSpan Inc.
- Mataac also owns 5,468 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing reflecting standard executive compensation practices. It doesn't indicate any particularly positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the trading activities of company executives.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small portion of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| February 23, 2023 | Start date for the vesting of restricted stock units over three years. |
| February 23, 2024 | First vesting date for one-third of the restricted stock units. |
| August 23, 2024 | Date of the reported stock transactions, including vesting of RSUs and sale of shares for tax obligations. |
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