Form 4: Richardson Electronics Director Exercises Stock Options, Reports Ownership Changes
SEC Filing
Director Jacques Belin reports exercising stock options and subsequent changes in beneficial ownership of Richardson Electronics, Ltd. shares.
Summary
- On October 29, 2024, Jacques Belin, a director of Richardson Electronics, Ltd., exercised employee stock options.
- Belin exercised options to purchase 5,000 shares of common stock at $5.61 per share and 1,000 shares at $7.66 per share.
- Following these transactions, Belin directly owns 10,206 shares of Richardson Electronics, Ltd. common stock.
- The transactions were reported on a Form 4 filing with the SEC on October 31, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event; a director exercising stock options is a routine transaction.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The exercise of stock options by a director could have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 07/22/2019 | Date exercisable for 5,000 employee stock options at $5.61 |
| 07/19/2021 | Date exercisable for 1,000 employee stock options at $7.66 |
| 07/22/2029 | Expiration date for 5,000 employee stock options at $5.61 |
| 07/19/2031 | Expiration date for 1,000 employee stock options at $7.66 |
| 10/29/2024 | Date of transaction: Exercise of stock options. |
| 10/31/2024 | Date of Form 4 filing. |
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