Sheila Marie DiPalma - 21 Feb 2023 Form 4 Insider Report for COGNEX CORP (CGNX)

Role: EVP, Employee Services
Signature: Sheila DiPalma
Issuer symbol: CGNX
Transactions as of: 21 Feb 2023
Net transactions value: -$25,236
Form type: 4
Filing time: 23 Feb 2023, 15:57:51 UTC
Previous filing: 24 Feb 2022
Next filing: 22 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	+1,553		$0.000000	1,553	22 Feb 2023	Direct
transaction	CGNX	Common Stock	Tax liability	$25,236	-539	-35%	$46.82	1,014	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	+56,466		$0.000000	56,466	21 Feb 2023	Common Stock	56,466	$47.21	Direct	F2
transaction	CGNX	Restricted Stock Unit	Options Exercise	$0	-1,553	-20%	$0.000000	6,208	22 Feb 2023	Common Stock	1,553	$0.000000	Direct	F3, F4
transaction	CGNX	Restricted Stock Unit	Award	$0	+10,591		$0.000000	10,591	21 Feb 2023	Common Stock	10,591	$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)						80,000	21 Feb 2023	Common Stock	80,000	$50.94	Direct
holding	CGNX	Non-Qualified Stock Option (right to buy)						64,000	21 Feb 2023	Common Stock	64,000	$51.49	Direct
holding	CGNX	Non-Qualified Stock Option (right to buy)						64,000	21 Feb 2023	Common Stock	64,000	$62.48	Direct
holding	CGNX	Non-Qualified Stock Option (right to buy)						44,823	21 Feb 2023	Common Stock	44,823	$64.43	Direct
holding	CGNX	Non-Qualified Stock Option (right to buy)						100,000	21 Feb 2023	Common Stock	100,000	$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.