PARNELL WILLIAM L. JR 4
Research Summary
AI-generated summary
Socket Mobile Director William L. Parnell Jr. Receives 5,000-Share Award
What Happened
- William L. Parnell Jr., a director of Socket Mobile, reported an award/acquisition of 5,000 shares of common stock on April 29, 2026. The filing shows an acquisition price of $0.87 per share (valued at the market close of $0.8668), for a total value of approximately $4,334. This was issued under a director compensation program in lieu of a portion of his cash retainer.
Key Details
- Transaction date: 2026-04-29 (reported on Form 4 filed 2026-05-01)
- Transaction type/code: A — Grant/Award (not an open-market purchase)
- Shares acquired: 5,000 at $0.87 (footnote value $0.8668); total value ≈ $4,334
- Shares owned after transaction: not specified in the filing
- Footnote: Board-approved Director Compensation Program effective April 29, 2026 allows directors to elect common stock instead of cash; these shares reflect such an election for a portion of the annual cash retainer
- Timeliness: Filing appears timely (filed within the required reporting window)
Context
- This was a compensation award in lieu of cash, not a purchase with personal funds or a sale; such awards are routine director compensation and do not by themselves indicate the director’s view on the company’s stock.