Form 4: OneSpan Inc. General Counsel Lara Mataac Reports Stock Transactions
SEC Form 4
Lara Mataac, General Counsel of OneSpan Inc., reports the vesting and disposal of restricted stock units and performance stock units.
Summary
- On May 14, 2025, Lara Mataac, General Counsel of OneSpan Inc., reported transactions involving OneSpan's common stock.
- These transactions included the vesting of 8,492 performance stock units (PSUs) and 2,264 restricted stock units.
- Mataac also disposed of 2,493 shares at $16.1 and 665 shares at $16.1 to cover tax obligations.
- Following these transactions, Mataac directly owns 56,156 shares of OneSpan Inc.
- She also holds 16,984 restricted stock units and 4,530 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
An additional one-third of the earned PSUs will vest on each of December 31, 2025 and December 31, 2026, assuming the reporting person continues to be employed by the registrant on each such date.
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 into the trading activities of key personnel and their alignment with shareholder interests.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership by a key executive.
- Employees may be interested in the vesting schedule of PSUs and restricted stock units.
Key Dates
| Date | Description |
|---|---|
| 05/14/2024 | Date the reporting person was granted performance stock units (PSUs) that were eligible to be earned based upon the registrant's achievement of specified financial metrics for 2024 and the restricted stock units vest over three years starting on this date. |
| February 2025 | The registrant's Compensation Committee determined that the reporting person had earned 25,476 PSUs based on the 2024 financial metrics. |
| 05/14/2025 | Date of the reported transactions, including vesting of PSUs and restricted stock units, and disposal of shares. |
| 12/31/2025 | An additional one-third of the earned PSUs will vest on this date, assuming continued employment. |
| 12/31/2026 | An additional one-third of the earned PSUs will vest on this date, assuming continued employment. |
Keywords
Form 4, OneSpan Inc., OSPN, Lara Mataac, Stock Options, Restricted Stock Units, Performance Stock Units, Vesting, General Counsel, Beneficial Ownership
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