MARTIN WILLIAM C 4
4 · IMMERSION CORP · Filed May 1, 2026
Research Summary
AI-generated summary of this filing
Immersion (IMMR) Chief Strategy Officer William C. Martin Receives Award
What Happened
William C. Martin, Chief Strategy Officer and a director of Immersion Corporation (IMMR), was issued two stock awards on April 30, 2026 totaling 25,297 shares (7,425 shares and 17,872 shares). The Form 4 reports the per-share price as $0.00 because the shares were issued in lieu of cash compensation (salary and a cash bonus) and the number of shares was calculated using the April 30, 2026 closing price.
Key Details
- Transaction date: April 30, 2026. Form filed: May 1, 2026 (timely filing).
- Transaction type/code: A — Grant/award (acquisition as compensation).
- Shares acquired: 7,425 (F1) + 17,872 (F2) = 25,297 total.
- Price reported on form: $0.00 per share (issued in lieu of cash).
- Shares owned after transaction: Not disclosed in the provided filing.
- Footnotes:
- F1 — Shares issued in lieu of salary earned for the three months ended April 30, 2026, net of applicable withholding/cash payments, with the share count calculated using the Apr 30, 2026 closing price.
- F2 — Shares issued in lieu of a cash bonus earned in the second half of the fiscal year ending Apr 30, 2026, net of applicable withholding/cash payments, with the share count calculated using the Apr 30, 2026 closing price.
Context
These issuances are compensation-related (stock in lieu of cash salary/bonus), a routine corporate practice and not an open-market purchase or sale. The $0.00 line on the Form 4 reflects that the shares were issued as payment rather than bought; the economic value equals the cash amounts converted to shares at the closing price on Apr 30, 2026. Such awards are typically administrative and don’t by themselves signal insider buying interest in the open market.
Insider Transaction Report
- Award
Common Stock
[F1]2026-04-30+7,425→ 1,399,652 total - Award
Common Stock
[F2]2026-04-30+17,872→ 1,417,524 total
Footnotes (2)
- [F1]Common stock issued to the Reporting Person in lieu of salary earned, during the three months ended April 30, 2026, less applicable withholding taxes and amounts required to be paid to the Reporting Person in cash pursuant to applicable law. The total shares of the Issuer's common stock issued to the Reporting Person was calculated by determining the salary earned by the Reporting Person during the three months ended April 30, 2026, less applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law, and dividing the remainder by the closing price on April 30, 2026.
- [F2]Represents the shares of Common Stock issued to the Reporting Person in lieu of a cash bonus earned during the second half of the Issuer's fiscal year ending April 30, 2026, less applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law. The number of shares of the Issuer's Common Stock issued to the Reporting Person was calculated by starting with the cash bonus earned by the Reporting Person during the second half of the Issuer's fiscal year ending April 30, 2026, then subtracting the applicable withholding taxes and amounts required to be paid in cash to the Reporting Person pursuant to applicable law, and dividing the remainder by the closing price on April 30, 2026.