CEO Sells $10M in Open Market Shares and Covers Taxes After Large RSU Grant
AAOI has more than doubled off its 52-week low of $15.06.
Summary
Applied Optoelectronics' CEO, Lin Chih-Hsiang, sold $10 million in company stock on the open market after receiving a large RSU grant, alongside a $16.5 million tax withholding.
Key Events · Ownership and Investor Activity · AAOI
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CEO Open Market Sale
President and CEO Lin Chih-Hsiang sold 58,000 shares for $10,049,080 at an average price of $173.26 per share.
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RSU Grant and Tax Withholding
Lin Chih-Hsiang acquired 711,743 shares from an RSU grant. Simultaneously, 86,655 shares valued at $16,495,645.80 were disposed of to cover tax obligations related to the vesting.
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Significant Executive Disposition
The total value of shares disposed by the CEO, including the open market sale and tax withholding, amounted to over $26.5 million.
Analysis · AAOI · Manufacturing
President and CEO Lin Chih-Hsiang received a significant RSU grant of 711,743 shares. Concurrently, he disposed of shares totaling over $26.5 million, which included a discretionary open market sale of $10 million and shares withheld to cover tax obligations related to the vesting. While the RSU grant increased his overall share count, the substantial cash proceeds from the sales, particularly the discretionary open market sale, represent a significant disposition by a key executive.
At the time of this filing, AAOI was trading at $172.68 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $13.7B. The 52-week trading range was $15.06 to $233.67. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.