Form 4: Optex Systems Holdings CFO Karen Lea Hawkins Reports Stock Transactions
SEC Form 4
Karen Lea Hawkins, CFO of Optex Systems Holdings, reports the acquisition and disposal of common stock and performance shares on May 17, 2024.
Summary
- On May 17, 2024, Karen Lea Hawkins, CFO of Optex Systems Holdings Inc [OPXS], reported transactions involving the company's stock.
- Hawkins acquired 7,000 shares of common stock through the vesting of performance shares.
- She also disposed of 1,704 shares to cover tax obligations at a price of $8.08 per share.
- Following these transactions, Hawkins directly owns 43,606 shares of Optex Systems Holdings Inc.
- The reported transactions also involved performance shares, each representing a contingent right to receive one share of OPXS common stock, vesting in increments based on the average VWAP of OPXS common stock exceeding specified prices over a 30-day trading period.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a factual report.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company executives.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 10/02/2023 | Beginning of performance period for performance shares. |
| 05/17/2024 | Date of stock acquisition and disposal. |
| 05/22/2024 | Date of signature on the Form 4. |
| 10/01/2028 | Expiration date of the performance shares. |
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