Cognex (CGNX) Director Angelos Papadimitriou Receives RSUs and Converts to Shares

What Happened

• Angelos Papadimitriou, a director of Cognex Corporation (CGNX), received a grant of 4,817 restricted stock units (RSUs) on Feb 17, 2026 (reported as an "A" award). On Feb 18, 2026 the filing shows conversion/exercise of 8,324 derivative units into shares (reported as "M") at $0.00, and an equal disposal of 8,324 shares (also shown at $0.00). All transactions reported no cash consideration ($0 value).

Key Details

• Transaction dates and codes:
  • 2026-02-17: Grant/award (A) — 4,817 RSUs @ $0.00 (acquired)
  • 2026-02-18: Exercise/conversion (M) — 8,324 shares @ $0.00 (acquired)
  • 2026-02-18: Exercise/conversion (M) — 8,324 shares @ $0.00 (disposed; listed as derivative)
• Report filed: Feb 19, 2026 covering the Feb 17–18, 2026 activity; filing appears timely.
• Shares owned after the transactions: not disclosed in the provided filing.
• Footnotes of note:
  • F1: Each RSU represents a contingent right to one share of Cognex common stock.
  • F2: The RSUs tied to Feb 18 vest 100% on the first anniversary (Feb 18, 2025).
  • F3: The RSUs tied to Feb 17 vest 100% on the first anniversary (Feb 17, 2026).

Context

• These filings reflect RSU grants and conversions rather than open-market buying or selling. RSUs convert to shares when they vest; the "M" code indicates conversion/exercise of a derivative (RSU) into shares. The equal number of shares shown as disposed on Feb 18 is recorded as a derivative disposition in the filing — filings of this type commonly reflect share withholding for taxes or similar administrative transfers, though the filing itself does not state the reason. No cash paid or received was reported.