Form 4: Optex Systems Holdings Inc: CEO Danny Robert Schoening Executes Performance Shares
SEC Form 4 Filing
CEO Danny Robert Schoening exercised 20,000 performance shares of Optex Systems Holdings Inc. on May 17, 2024, and disposed of 4,870 shares to cover tax obligations.
Summary
- On May 17, 2024, Danny Robert Schoening, the President and CEO of Optex Systems Holdings Inc., executed 20,000 performance shares.
- Following the transaction, Schoening directly owns 944,608 shares of common stock.
- 4,870 shares were disposed of at a price of $8.08 to cover tax obligations related to the performance share execution.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing an executive's stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 10/02/2023 | Start date of performance period for performance shares. |
| 05/17/2024 | Date of transaction: exercise of performance shares and disposal of shares for tax obligations. |
| 05/22/2024 | Date of signature on the Form 4 filing. |
| 10/01/2028 | Expiration date of the performance shares. |
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