Form 4: Precision Optics Director Awarded Stock Options

Andrew J. Miclot, a director at Precision Optics Corporation, was granted 20,000 stock options as compensation for his board service.

Summary

• Andrew J. Miclot, a director of Precision Optics Corporation, received 20,000 stock options on November 18, 2024.
• These options were granted under the company's 2022 Equity Incentive Plan as compensation for his service on the Board of Directors.
• The options have an exercise price of $5 per share and expire on November 18, 2034.
• The options vest in four equal tranches of 5,000 shares each, on December 30, 2024, March 30, 2025, June 29, 2025, and September 29, 2025.

Sentiment

Score: 7

Explanation: The document reflects a standard practice of director compensation, which is generally viewed positively as it aligns interests. There are no negative implications.

Positives

• The granting of stock options aligns the director's interests with those of the shareholders.
• The vesting schedule encourages continued service on the board.

Industry Context

Stock option grants are a common form of compensation for directors in publicly traded companies, aligning their interests with shareholders and incentivizing performance.

Comparison to Industry Standards

• Stock option grants are a standard practice for compensating board members across various industries.
• The vesting schedule of these options is typical, with vesting occurring over a period of time to encourage continued service.
• The exercise price of $5 is a specific detail related to this grant and would need to be compared to the current market price of the stock to assess its value.

Stakeholder Impact

• Shareholders may view this positively as it aligns director interests with company performance.
• The director benefits from the potential future value of the stock options.

Key Dates

Keywords

stock options, equity compensation, director, Precision Optics Corporation, POCI, insider trading, SEC Form 4