Paul Todgham - Feb 16, 2022 Form 4 Insider Report for COGNEX CORP (CGNX)

Role
SVP, CFO
Signature
Paul Todgham
Stock symbol
CGNX
Transactions as of
Feb 16, 2022
Transactions value $
-$35,779
Form type
4
Date filed
2/18/2022, 02:12 PM
Previous filing
Nov 15, 2021
Next filing
Feb 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CGNX Common Stock Options Exercise $0 +1.66K +47.48% $0.00 5.15K Feb 16, 2022 Direct
transaction CGNX Common Stock Tax liability -$35.8K -558 -10.83% $64.12 4.59K Feb 16, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CGNX Restricted Stock Unit Options Exercise $0 -1.66K -20% $0.00 6.63K Feb 16, 2022 Common Stock 1.66K $0.00 Direct F2, F3
holding CGNX Non-Qualified Stock Option (right to buy) 70K Feb 16, 2022 Common Stock 70K $57.70 Direct F4
holding CGNX Non-Qualified Stock Option (right to buy) 22.3K Feb 16, 2022 Common Stock 22.3K $90.50 Direct F5
holding CGNX Restricted Stock Unit 23.3K Feb 16, 2022 Common Stock 23.3K $0.00 Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This disposition represents shares withheld to satisfy tax withholding obligations on the restricted stock units that vested on February 16, 2022 and are reported herein.
F2 Each restricted stock unit represents a contingent right to receive one share of Cognex Corporation common stock.
F3 The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date (February 16, 2021), respectively.
F4 On April 29, 2020, the reporting person was granted restricted stock units to acquire 35,000 shares of Cognex Corporation common stock. The award vests in three approximately equal annual installments commencing on April 29, 2021.
F5 The options vest in five approximately equal annual installments on the first, second, third, fourth, and fifth anniversaries of the grant date (February 16, 2021).
F6 The restricted stock units vest in approximately three equal annual installments on the first, second, and third anniversaries of the grant date (April 29, 2020).