Summary by Futu AI
Applied Optoelectronics, Inc. (AAOI) has announced that its President and CEO, Lin Chih-Hsiang (Thompson), has been granted 94,786 shares of common stock on April 29, 2024. The transaction, which was completed on the same day, was a grant of shares with a par value of $0.001 each and did not involve any monetary transaction. Following this grant, Lin Chih-Hsiang's direct holdings in the company have increased to a total of 1,288,187 shares. The shares were granted as part of a compensation or incentive plan, which is a common practice for companies to motivate and retain key executives.