Joerg Kuechen - 21 Feb 2023 Form 4 Insider Report for COGNEX CORP (CGNX)

Role
Chief Technology Officer
Signature
Joerg Kuechen
Issuer symbol
CGNX
Transactions as of
21 Feb 2023
Net transactions value
-$24,393
Form type
4
Filing time
23 Feb 2023, 15:47:27 UTC
Previous filing
21 Feb 2023
Next filing
20 Feb 2024
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 +1,692 +96% $0.000000 3,455 22 Feb 2023 Direct
transaction CGNX Common Stock Tax liability $24,393 -521 -15% $46.82 2,934 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 +67,759 $0.000000 67,759 21 Feb 2023 Common Stock 67,759 $47.21 Direct F2
transaction CGNX Restricted Stock Unit Options Exercise $0 -1,692 -20% $0.000000 6,767 22 Feb 2023 Common Stock 1,692 $0.000000 Direct F3, F4
transaction CGNX Restricted Stock Unit Award $0 +12,710 $0.000000 12,710 21 Feb 2023 Common Stock 12,710 $0.000000 Direct F3, F5
holding CGNX Non-Qualified Stock Option (right to buy) 12,500 21 Feb 2023 Common Stock 12,500 $38.39 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 39,894 21 Feb 2023 Common Stock 39,894 $47.95 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 80,000 21 Feb 2023 Common Stock 80,000 $50.94 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 45,000 21 Feb 2023 Common Stock 45,000 $51.49 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 30,000 21 Feb 2023 Common Stock 30,000 $56.44 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 49,530 21 Feb 2023 Common Stock 49,530 $64.43 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 29,486 21 Feb 2023 Common Stock 29,486 $90.50 Direct
holding CGNX Restricted Stock Unit 2,698 21 Feb 2023 Common Stock 2,698 $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.