Carl Gerst - Feb 20, 2024 Form 4 Insider Report for COGNEX CORP (CGNX)

Role
EVP, Vision & ID Products
Signature
Carl W. Gerst
Stock symbol
CGNX
Transactions as of
Feb 20, 2024
Transactions value $
-$46,768
Form type
4
Date filed
2/22/2024, 07:22 PM
Previous filing
Feb 23, 2023
Next filing
Feb 23, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CGNX Common Stock Options Exercise $0 +3.52K +206.28% $0.00 5.22K Feb 21, 2024 Direct
transaction CGNX Common Stock Tax liability -$46.8K -1.18K -22.62% $39.60 4.04K Feb 21, 2024 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 +127K $0.00 127K Feb 20, 2024 Common Stock 127K $39.44 Direct F2
transaction CGNX Restricted Stock Unit Options Exercise $0 -3.52K -20% $0.00 14.1K Feb 21, 2024 Common Stock 3.52K $0.00 Direct F3, F4
transaction CGNX Restricted Stock Unit Award $0 +22.8K $0.00 22.8K Feb 20, 2024 Common Stock 22.8K $0.00 Direct F3, F5
holding CGNX Non-Qualified Stock Option (right to buy) 94.3K Feb 20, 2024 Common Stock 94.3K $47.21 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 80K Feb 20, 2024 Common Stock 80K $50.94 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 60K Feb 20, 2024 Common Stock 60K $51.49 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 20K Feb 20, 2024 Common Stock 20K $56.44 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 74.7K Feb 20, 2024 Common Stock 74.7K $64.43 Direct
holding CGNX Non-Qualified Stock Option (right to buy) 150K Feb 20, 2024 Common Stock 150K $65.90 Direct
holding CGNX Restricted Stock Unit 10.3K Feb 20, 2024 Common Stock 10.3K $0.00 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 21, 2024 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 20, 2024).
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 21, 2023), respectively.
F5 The restricted stock units vest approximately 20%, 30%, and 50% on the first, second, and third anniversaries of the grant date (February 20, 2024), respectively.