MACDONALD LAURA ANN 4
4 · COGNEX CORP · Filed Mar 16, 2026
Research Summary
AI-generated summary of this filing
Cognex (CGNX) VP Laura MacDonald Receives RSU Shares; 109 Withheld
What Happened Laura Ann MacDonald, Vice President and PAO of Cognex Corporation (CGNX), had 368 restricted stock units (RSUs) convert to common shares on March 15, 2026 (exercise/conversion of derivative, code M). Of those, 109 shares were withheld to satisfy tax withholding obligations (disposition, code F) for a reported withholding value of $5,230. The RSUs had no exercise price (reported at $0.00), so the transaction represents vested awards rather than a market purchase.
Key Details
- Transaction date: March 15, 2026; Form 4 filed March 16, 2026 (appears timely).
- Conversion: 368 RSUs -> 368 shares (exercise/conversion, price $0.00).
- Tax withholding: 109 shares withheld at $47.98/share (reported proceeds $5,230).
- Net shares delivered to MacDonald: 368 - 109 = 259 shares.
- Footnotes: F1 confirms withholding to satisfy taxes on the RSUs; F3 notes each RSU converts to one share; F4 describes a 20/30/50 vesting schedule from the March 15, 2024 grant date; F2 indicates some reported securities are held by the reporting person’s child and she disclaims beneficial ownership except to the extent of pecuniary interest.
- Shares owned after the transaction: not specified in the provided excerpt of the filing.
Context This was an RSU vesting event (award vesting) with a routine tax-withholding disposition, not an open-market sale or purchase. When RSUs vest, companies commonly withhold shares to cover taxes — that withholding looks like a disposition on the Form 4 but does not necessarily indicate a decision to sell for investment reasons. The vesting follows the grant schedule (20%/30%/50% over three anniversaries) from the March 15, 2024 grant.
Insider Transaction Report
- Exercise/Conversion
Common Stock
2026-03-15+368→ 7,579 total - Tax Payment
Common Stock
[F1]2026-03-15$47.98/sh−109$5,230→ 7,470 total - Exercise/Conversion
Restricted Stock Unit
[F3][F4]2026-03-15−368→ 614 totalExercise: $0.00From: 2025-03-15Exp: 2027-03-15→ Common Stock (368 underlying)
- 20(indirect: By Children)
Common Stock
[F2] - 33,168
Non-Qualified Stock Option (right to buy)
Exercise: $33.04From: 2026-02-18Exp: 2035-02-18→ Common Stock (33,168 underlying) - 37,698
Non-Qualified Stock Option (right to buy)
Exercise: $39.44From: 2025-02-20Exp: 2034-02-20→ Common Stock (37,698 underlying) - 30,492
Non-Qualified Stock Option (right to buy)
Exercise: $47.21From: 2024-02-21Exp: 2033-02-21→ Common Stock (30,492 underlying) - 10,000
Non-Qualified Stock Option (right to buy)
Exercise: $48.28From: 2022-05-01Exp: 2029-05-01→ Common Stock (10,000 underlying) - 42,500
Non-Qualified Stock Option (right to buy)
Exercise: $50.94From: 2021-02-18Exp: 2030-02-18→ Common Stock (42,500 underlying) - 30,000
Non-Qualified Stock Option (right to buy)
Exercise: $51.49From: 2020-02-19Exp: 2029-02-19→ Common Stock (30,000 underlying) - 15,000
Non-Qualified Stock Option (right to buy)
Exercise: $56.44From: 2019-02-20Exp: 2028-02-20→ Common Stock (15,000 underlying) - 7,231
Non-Qualified Stock Option (right to buy)
Exercise: $57.09From: 2027-02-17Exp: 2036-02-17→ Common Stock (7,231 underlying) - 23,891
Non-Qualified Stock Option (right to buy)
Exercise: $64.43From: 2023-02-22Exp: 2032-02-22→ Common Stock (23,891 underlying) - 13,946
Non-Qualified Stock Option (right to buy)
Exercise: $90.50From: 2022-02-16Exp: 2031-02-16→ Common Stock (13,946 underlying) - 3,169
Restricted Stock Unit
Exercise: $0.00From: 2025-02-20Exp: 2027-02-20→ Common Stock (3,169 underlying) - 9,685
Restricted Stock Unit
Exercise: $0.00From: 2026-02-18Exp: 2028-02-18→ Common Stock (9,685 underlying) - 11,211
Restricted Stock Unit
Exercise: $0.00From: 2027-02-17Exp: 2029-02-17→ Common Stock (11,211 underlying)
Footnotes (4)
- [F1]This disposition represents shares withheld to satisfy tax withholding obligations on the restricted stock units that vested on March 15, 2026 and are reported herein.
- [F2]Held by reporting person's child. The reporting person disclaims beneficial ownership of these securities except to the extent of her pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purpose.
- [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 (March 15, 2024), respectively.