Ferry Charles Parker 4
Research Summary
AI-generated summary
Duos (DUOT) Director Ferry Charles Parker Disposes 261,444 Shares
What Happened
- Ferry Charles Parker, a director of Duos Technologies Group, Inc. (DUOT) and former CEO (resigned effective April 1, 2026), is reported to have disposed of 261,444 shares on April 1, 2026. The filing shows no per-share price or cash value (N/A). The disposition reflects an amendment to a prior equity grant: the original grant of 522,889 shares was reduced to 261,445 shares. The remaining shares continue to be subject to the same cliff vesting schedule and are set to vest on December 31, 2027.
Key Details
- Transaction date: 2026-04-01; Form 4 filed: 2026-04-07.
- Transaction code: "J" (other acquisition or disposition); reported 261,444 shares disposed; price/value: N/A.
- Remaining award after amendment: 261,445 shares per footnote; vesting date: December 31, 2027.
- Relevant footnotes: F1 (resignation as CEO and grant amendment), F2 (some shares purchased under the Employee Stock Purchase Plan), F3 (shares held in a joint account with spouse).
- Filing timing: the Form 4 was filed six days after the reported transaction date (Apr 1 → Apr 7), outside the typical 2-business-day window for Form 4s.
Context
- This was not an open-market sale; it reflects an administrative amendment to an equity grant tied to Mr. Parker’s resignation as CEO. The remaining shares remain subject to future vesting, so this action does not necessarily signal an immediate change in Mr. Parker’s economic exposure to the company.