Form 4: QuickLogic Director Andrew J. Pease Acquires Restricted Stock Units
SEC Form 4 Filing
Director Andrew J. Pease acquired 3,240 Restricted Stock Units (RSUs) of QuickLogic Corp on September 13, 2024, which vest in full one year from the grant date.
Summary
- On September 13, 2024, Andrew J. Pease, a director of QuickLogic Corp, acquired 3,240 Restricted Stock Units (RSUs).
- Each RSU represents a contingent right to receive one share of QuickLogic's common stock.
- The RSUs vest in full one year from the grant date.
Sentiment
Score: 5
Explanation: This is a neutral event, simply a disclosure of stock units being granted to a director as part of their compensation.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, such as directors and officers. This allows the public to see if company insiders are buying or selling company stock.
Stakeholder Impact
- The acquisition of RSUs by a director could be perceived positively by shareholders as it aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of transaction: Andrew J. Pease acquired Restricted Stock Units. |
| 09/16/2024 | Date of signature: Form 4 filing date. |
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