Form 4: Optex Systems Holdings Inc: CEO Danny Robert Schoening Reports Stock Transactions
SEC Form 4 Filing
CEO Danny Robert Schoening reports acquisition and disposal of Optex Systems Holdings Inc. common stock and performance shares.
Summary
- On March 11, 2024, Danny Robert Schoening, CEO of Optex Systems Holdings Inc., acquired 20,000 shares of common stock through the vesting of performance shares.
- On March 13, 2024, Schoening disposed of 4,690 shares of common stock at a price of $6.95 per share.
- Following these transactions, Schoening directly owns 929,478 shares of Optex Systems Holdings Inc. common stock.
- Schoening also owns 20 performance shares, each representing a contingent right to receive one share of OPXS common stock, vesting in five equal increments if the average VWAP exceeds a specified price over 30 consecutive trading days.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document simply reports stock transactions by an insider, without providing any explicit positive or negative outlook.
Industry Context
This filing is a routine disclosure of insider transactions and doesn't necessarily indicate a broader trend within the aerospace and defense industry where Optex Systems operates. However, monitoring insider activity can provide insights into management's perspective on the company's valuation and future prospects.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Acquisition of 20,000 shares of common stock through vesting of performance shares. |
| 03/13/2024 | Disposal of 4,690 shares of common stock at $6.95 per share. |
| 03/15/2024 | Date of signature for the Form 4 filing. |
| 10/01/2028 | Expiration date of the performance shares. |
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