Holliday Roger 4
4 · LANTRONIX INC · Filed Sep 14, 2023
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Holliday Roger
VP of Worldwide Sales
Transactions
- Tax Payment
Common Stock
2023-09-13$5.29/sh−6,345$33,565→ 140,560 total - Award
Common Stock
2023-09-13+18,349→ 146,905 total
Footnotes (2)
- [F1]On July 27, 2021, the reporting person was granted Restricted Stock Units ("RSUs") with performance-based vesting requirements. A percentage of the target number of RSUs subject to the award are eligible to vest in each of the three years beginning in fiscal 2022 based on certain earnings per share targets and revenue targets. This transaction reflects the vesting and payment of 18,349 RSUs subject to the award on September 13, 2023 with respect to the performance conditions that were satisfied for fiscal 2023.
- [F2]In accordance with the terms of the applicable RSU award agreement, 6,345 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.