Carl Gerst - Feb 21, 2023 Form 4 Insider Report for COGNEX CORP (CGNX)

Role
EVP, Vision & ID Products
Signature
Carl W. Gerst
Stock symbol
CGNX
Transactions as of
Feb 21, 2023
Transactions value $
-$41,248
Form type
4
Date filed
2/23/2023, 03:50 PM
Previous filing
Feb 24, 2022
Next filing
Feb 22, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CGNX Common Stock Options Exercise $0 +2.59K $0.00 2.59K Feb 22, 2023 Direct
transaction CGNX Common Stock Tax liability -$41.2K -881 -34.07% $46.82 1.71K Feb 22, 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 +94.3K $0.00 94.3K Feb 21, 2023 Common Stock 94.3K $47.21 Direct F2
transaction CGNX Restricted Stock Unit Options Exercise $0 -2.59K -20% $0.00 10.3K Feb 22, 2023 Common Stock 2.59K $0.00 Direct F3, F4
transaction CGNX Restricted Stock Unit Award $0 +17.6K $0.00 17.6K Feb 21, 2023 Common Stock 17.6K $0.00 Direct F3, F5
holding CGNX Non-Qualified Stock Option (right to buy) 80K Feb 21, 2023 Common Stock 80K $50.94 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 60K Feb 21, 2023 Common Stock 60K $51.49 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 20K Feb 21, 2023 Common Stock 20K $56.44 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 74.7K Feb 21, 2023 Common Stock 74.7K $64.43 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 150K Feb 21, 2023 Common Stock 150K $65.90 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.