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

Role: SVP, CFO
Signature: Paul Todgham
Stock symbol: CGNX
Transactions as of: Apr 29, 2022
Transactions value $: -$349,985
Form type: 4
Date filed: 5/3/2022, 02:12 PM
Previous filing: Feb 24, 2022
Next filing: Feb 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CGNX	Common Stock	Options Exercise	$0	+11.7K	+254.07%	$0.00	16.3K	Apr 29, 2022	Direct
transaction	CGNX	Common Stock	Tax liability	-$350K	-5.18K	-31.83%	$67.63	11.1K	Apr 29, 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	-11.7K	-50%	$0.00	11.7K	Apr 29, 2022	Common Stock	11.7K	$0.00	Direct	F2, F3
holding	CGNX	Non-Qualified Stock Option (right to buy)						70K	Apr 29, 2022	Common Stock	70K	$57.70	Direct	F4
holding	CGNX	Non-Qualified Stock Option (right to buy)						67.2K	Apr 29, 2022	Common Stock	67.2K	$64.43	Direct	F5
holding	CGNX	Non-Qualified Stock Option (right to buy)						22.3K	Apr 29, 2022	Common Stock	22.3K	$90.50	Direct	F6
holding	CGNX	Restricted Stock Unit						6.63K	Apr 29, 2022	Common Stock	6.63K	$0.00	Direct	F2, F7
holding	CGNX	Restricted Stock Unit						11.6K	Apr 29, 2022	Common Stock	11.6K	$0.00	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.