4//SEC Filing
Whitaker Jeremy 4
Accession 0001683168-24-006286
CIK 0001114925other
Filed
Sep 9, 8:00 PM ET
Accepted
Sep 10, 6:40 PM ET
Size
11.2 KB
Accession
0001683168-24-006286
Insider Transaction Report
Form 4
LANTRONIX INCLTRX
Whitaker Jeremy
CFO and Secretary
Transactions
- Tax Payment
Common Stock
2024-09-09$4.14/sh−66,779$276,465→ 342,322 total - Award
Common Stock
2024-09-09+40,876→ 357,041 total - Award
Common Stock
2024-09-09+30,275→ 316,165 total - Award
Common Stock
2024-09-09+52,060→ 409,101 total
Footnotes (4)
- [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 30,275 RSUs subject to the award on September 9, 2024, with respect to the performance conditions that were satisfied for fiscal 2024.
- [F2]On July 5, 2022, 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 2023 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 40,876 RSUs subject to the award on September 9, 2024, with respect to the performance conditions that were satisfied for fiscal 2024.
- [F3]On July 3, 2023, 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 2024 based on certain earnings per share targets, revenue targets and relative total stockholder return conditions. This transaction reflects the vesting and payment of 52,060 RSUs subject to the award on September 9, 2024, with respect to the performance conditions that were satisfied for fiscal 2024.
- [F4]In accordance with the terms of the applicable RSU award agreements, 66,779 shares of Lantronix, Inc. common stock were withheld at vesting to cover required tax withholding.
Documents
Issuer
LANTRONIX INC
CIK 0001114925
Entity typeother
Related Parties
1- filerCIK 0001337832
Filing Metadata
- Form type
- 4
- Filed
- Sep 9, 8:00 PM ET
- Accepted
- Sep 10, 6:40 PM ET
- Size
- 11.2 KB