Form 4: Vicor Corp Executive Robert Gendron Reports Stock Option Exercise and Sale
SEC Form 4
Robert Gendron, a Corporate VP at Vicor Corp, exercised stock options and sold shares on November 7, 2024.
Summary
- On November 7, 2024, Robert Gendron, a Corporate VP at Vicor Corp, exercised stock options to acquire 794 shares of common stock at a price of $41.61 per share.
- On the same day, Gendron sold 794 shares of common stock at a price of $57.575 per share.
- Following these transactions, Gendron directly owns 5,374 shares of Vicor Corp common stock and 3,176 non-qualified stock options.
Sentiment
Score: 5
Explanation: This is a neutral report on insider trading activity, with no inherent positive or negative implications for the company's overall performance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the buying and selling activities of company executives. It's a standard practice in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the effect is likely minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| May 2, 2023 | Date of grant for the non-qualified stock options under the company's Amended and Restated 2000 Stock Option and Incentive Plan. |
| November 7, 2024 | Date of stock option exercise and sale of shares by Robert Gendron. |
| November 8, 2024 | Date of signature for the Form 4 filing. |
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