Paul Todgham - 21 Feb 2023 Form 4 Insider Report for COGNEX CORP (CGNX)

Role: SVP, CFO
Signature: Paul Todgham
Issuer symbol: CGNX
Transactions as of: 21 Feb 2023
Net transactions value: -$32,025
Form type: 4
Filing time: 23 Feb 2023, 15:44:29 UTC
Previous filing: 21 Feb 2023
Next filing: 02 May 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	+2,329	+18%	$0.000000	15,081	22 Feb 2023	Direct
transaction	CGNX	Common Stock	Tax liability	$32,025	-684	-4.5%	$46.82	14,397	22 Feb 2023	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	Non-Qualified Stock Option (right to buy)	Award	$0	+84,698		$0.000000	84,698	21 Feb 2023	Common Stock	84,698	$47.21	Direct	F2
transaction	CGNX	Restricted Stock Unit	Options Exercise	$0	-2,329	-20%	$0.000000	9,312	22 Feb 2023	Common Stock	2,329	$0.000000	Direct	F3, F4
transaction	CGNX	Restricted Stock Unit	Award	$0	+15,887		$0.000000	15,887	21 Feb 2023	Common Stock	15,887	$0.000000	Direct	F3, F5
holding	CGNX	Non-Qualified Stock Option (right to buy)						70,000	21 Feb 2023	Common Stock	70,000	$57.70	Direct
holding	CGNX	Non-Qualified Stock Option (right to buy)						67,235	21 Feb 2023	Common Stock	67,235	$64.43	Direct
holding	CGNX	Non-Qualified Stock Option (right to buy)						22,302	21 Feb 2023	Common Stock	22,302	$90.50	Direct
holding	CGNX	Restricted Stock Unit						11,666	21 Feb 2023	Common Stock	11,666	$0.000000	Direct
holding	CGNX	Restricted Stock Unit						4,144	21 Feb 2023	Common Stock	4,144	$0.000000	Direct

* 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 22, 2023 and are reported herein.
F2	The options vest in five approximately equal annual installments on the first, second, third, fourth, and fifth anniversaries of the grant date (February 21, 2023).
F3	Each restricted stock unit represents a contingent right to receive one share of Cognex Corporation common stock.
F4	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.
F5	The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date (February 21, 2023), respectively.