Bradley Vizi, who serves as Executive Chairman and President of RCM Technologies, Inc. (NASDAQ: RCMT), reported the sale of 21,903 shares of company common stock on April 7 and April 8, according to a recent SEC filing. The two tranches of sales together totaled roughly $603,180, with the filing noting a price spread for those sales between $27.52 and $27.55.
Breaking down the transactions, the filing indicates that on April 7 Vizi sold 13,666 shares at an average price that is described as ranging from $27.50 to $27.85. The following day, April 8, he sold an additional 8,237 shares within a price range of $27.50 to $27.74. The filings state these sales were executed pursuant to a pre-arranged 10b5-1 trading plan established on December 7, 2023.
Those sales occurred as RCMT shares trade close to a 52-week high of $28.27. The stock has returned 72% over the past year, according to the filing's market context. An InvestingPro analysis cited in the filing describes the stock as appearing undervalued relative to its Fair Value and reports a PEG ratio of 0.44, noting that the platform provides 16 additional ProTips for RCMT alongside broader financial health scores and valuation metrics.
In contemporaneous equity events disclosed in the filing, Vizi received 104,266 shares of RCM Technologies common stock valued at $0 as employment compensation when performance stock units vested. The filing also records that 41,029 shares were surrendered in a net share settlement related to the vesting of those performance stock units, with the surrendered shares yielding $1,143,478 at $27.87 per share.
After accounting for the sales, the shares received upon vesting, and the net share settlement, Vizi is reported to directly own 1,552,477 shares of RCM Technologies common stock.
Context and implications
The set of transactions combines scheduled sales under a pre-arranged plan with the vesting and settlement of performance-based awards. The filings disclose both cash-generating sales and non-cash compensation events that affected Vizi's reported holdings on the same dates in early April.