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|4Feb 19, 4:34 PM ET

Gerst Carl 4

Research Summary

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Cognex (CGNX) EVP Carl Gerst Receives RSU Award, Withholds Shares for Taxes

What Happened

  • Carl Gerst, Executive Vice President, Vision & ID Products at Cognex (CGNX), received equity awards and had restricted stock units convert into shares. The filing shows grants of 24,854 and 24,085 restricted stock units (total 48,939 RSUs) on Feb 17, 2026 (each RSU = right to one share).
  • On Feb 18, 2026, 5,570 shares were issued upon conversion/settlement of vested RSUs. To satisfy tax withholding, 1,766 of those shares were surrendered/withheld at $56.72 per share, totaling $100,168. Net shares delivered from that settlement = 3,804.
  • Transaction codes in the filing: A = award/grant (RSUs), M = exercise/conversion of derivative (RSU settlement), F = shares withheld for tax withholding.

Key Details

  • Transaction dates: grants reported 2026-02-17; RSU conversion and withholding on 2026-02-18; Form 4 filed 2026-02-19.
  • Prices/values shown: withheld shares price $56.72; tax withholding value $100,168. RSUs/settlements reported at $0 because they are awards (no cash purchase price).
  • Shares owned after transaction: total post-transaction holdings not provided in the excerpt; this activity produced a net increase of 3,804 shares to Gerst’s holdings from the settlement.
  • Vesting/other footnotes: RSUs are contingent rights to receive one share (F3). Footnotes show RSU vesting schedules (approx. 20%/30%/50% over three years for the relevant grants, F4/F5) and that stock options (if any) vest in roughly equal installments over five years from Feb 17, 2026 (F2).
  • Filing timeliness: Filed Feb 19, 2026 for transactions on Feb 17–18, 2026 (no late filing indicated).

Context

  • This was largely an award/settlement event (not an open‑market buy or sale). The withholding of shares to cover taxes is a routine administrative step and does not necessarily signal a change in insider sentiment.
  • For retail investors: grants and RSU settlements show executive compensation and retention, while purchases would be a clearer bullish signal. This filing documents awarded RSUs settling and routine tax withholding.