Form 4: OneSpan Inc. General Counsel Lara Mataac Reports Stock Transactions

Lara Mataac, General Counsel of OneSpan Inc., reports the vesting and disposal of restricted stock units and common stock.

Summary

• On February 23, 2025, Lara Mataac, General Counsel of OneSpan Inc., reported the vesting of 1,823 restricted stock units, which converted into common stock.
• She also disposed of 632 shares of common stock on February 24, 2025, at a price of $17.18 per share to cover tax obligations.
• Following these transactions, Mataac directly owns 48,558 shares of common stock and 3,645 restricted stock units.

Sentiment

Score: 5

Explanation: This is a routine transaction disclosure, and there is no indication of positive or negative sentiment.

Industry Context

This is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units that vest over time to align management's interests with shareholders.
• The vesting schedule of these restricted stock units is fairly standard, with one-third vesting after the first year and the remainder vesting semi-annually thereafter.
• Similar companies such as DocuSign and Adobe also utilize stock-based compensation as part of their executive pay.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they relate to executive compensation and do not indicate a change in the company's fundamentals.

Key Dates