West Hughes Allison 4
Research Summary
AI-generated summary
DIGI (DGII) Director West Hughes Allison Receives 4,066-Share Award
What Happened
West Hughes Allison, a director of Digi International, was granted 4,066 restricted stock units (transaction code A) on February 9, 2026. The award is reported at a price of $0.00 (acquisition value $0) and is an equity compensation grant rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-09 (reported on Form 4 filed 2026-02-11).
- Amount: 4,066 restricted stock units (RSUs); reported price per unit $0.00; reported acquisition value $0.
- Vesting: Per footnote F1, the RSUs are scheduled to vest on the date immediately preceding the issuer’s next annual meeting of stockholders, unless earlier accelerated or terminated.
- Shares owned after transaction: Not specified in the filing.
- Timeliness: Filing date (Feb 11) appears to be within the standard Form 4 reporting window for a Feb 9 transaction.
Context
This was an equity award grant (compensation) to a director. Awards like RSUs are not direct purchases or sales in the market; they convert to actual shares only upon vesting and may be subject to standard withholding or transfer restrictions. Such grants are routine forms of executive/director compensation and do not, by themselves, indicate a buy or sell signal.