Paul Todgham - 29 Apr 2022 Form 4 Insider Report for COGNEX CORP (CGNX)

Role: SVP, CFO
Signature: Paul Todgham
Issuer symbol: CGNX
Transactions as of: 29 Apr 2022
Net transactions value: -$349,985
Form type: 4
Filing time: 03 May 2022, 14:12:03 UTC
Previous filing: 24 Feb 2022
Next filing: 21 Feb 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CGNX	Common Stock	Options Exercise	$0	+11,667	+254%	$0.000000	16,259	29 Apr 2022	Direct
transaction	CGNX	Common Stock	Tax liability	$349,985	-5,175	-32%	$67.63	11,084	29 Apr 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	-11,667	-50%	$0.000000	11,666	29 Apr 2022	Common Stock	11,667	$0.000000	Direct	F2, F3
holding	CGNX	Non-Qualified Stock Option (right to buy)						70,000	29 Apr 2022	Common Stock	70,000	$57.70	Direct	F4
holding	CGNX	Non-Qualified Stock Option (right to buy)						67,235	29 Apr 2022	Common Stock	67,235	$64.43	Direct	F5
holding	CGNX	Non-Qualified Stock Option (right to buy)						22,302	29 Apr 2022	Common Stock	22,302	$90.50	Direct	F6
holding	CGNX	Restricted Stock Unit						6,630	29 Apr 2022	Common Stock	6,630	$0.000000	Direct	F2, F7
holding	CGNX	Restricted Stock Unit						11,641	29 Apr 2022	Common Stock	11,641	$0.000000	Direct	F2, F8

* 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 April 29, 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 in approximately three equal annual installments on the first, second, and third anniversaries of the grant date (April 29, 2020).
F4	The options vest in three approximately equal installments on the third, fourth and fifth anniversaries of the grant date (April 29, 2020).
F5	The options vest in five approximately equal annual installments on the first, second, third, fourth, and fifth anniversaries of the grant date (February 22, 2022).
F6	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).
F7	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.
F8	The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date (February 22, 2022), respectively.