Monitor trading volume and price action for potential stock price catalysts. The performance targets ($70, $85, $100) represent significant upside from current levels, but vesting is contingent on sustained price appreciation. No immediate trading signal.
Price Chart
Executive Summary
Cogent Communications shareholders approved an amendment to the 2017 Incentive Award Plan, increasing available shares by 1.5 million and extending the award period to 2036. Concurrently, CEO David Schaeffer received a performance-vesting restricted stock award of 1,000,000 shares with price targets of $70, $85, and $100 per tranche. This is a routine compensation event with no immediate financial impact.
Key Facts
- Stockholders approved the Third Amended and Restated 2017 Incentive Award Plan, increasing shares by 1.5 million.
- CEO David Schaeffer granted 1,000,000 performance-vesting restricted shares on May 4, 2026.
- Vesting requires stock price VWAP targets of $70 (200,000 shares), $85 (300,000 shares), and $100 (500,000 shares) over 60 consecutive calendar days.
- Performance period runs from February 28, 2026 to February 28, 2031; unvested shares forfeited if targets not met.
- Approximately 50.1 million shares outstanding as of record date March 6, 2026.
Financial Impact
No immediate financial impact. Potential dilution of up to 1.5 million new shares from plan amendment plus 1.0 million shares from CEO award if all vest.
Risk Factors
- Dilution of existing shareholders if all performance targets are met and shares vest.
- CEO retention risk if performance targets are not achieved, though no departure is indicated.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-054817 |
| Document: tm2613224d2_ex10-2.htm | 0001104659-26-054817 |
| Document: 0001104659-26-054817-index-headers.html | 0001104659-26-054817 |
| Document: 0001104659-26-054817-index.html | 0001104659-26-054817 |
| Document: 0001104659-26-054817.txt | 0001104659-26-054817 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 13d ago | Press Release | $7.72 | awaiting T+20 | — | $7.47 (−3.24%) |
Oct 5, 2026 22d ago | SC 13G/A | $8.88 | awaiting T+20 | — | $7.47 (−15.88%) |
Aug 6, 2026 11w ago | 8-K | $10.91 $9.98 | ▲ +8.52% | ▲ +9.12% | $7.47 (+31.53%) |
Jun 29, 2026 17w ago | 8-K | $13.88 $12.22 | ▼ −11.96% | ▼ −10.93% | $7.47 (−46.18%) |
Jun 16, 2026 19w ago | Insider Cluster | $14.61 $11.71 | ▼ −19.85% | ▼ −21.17% | $7.47 (−48.87%) |
Jun 15, 2026 19w ago | 8-K | $16.05 $12.25 | ▼ −23.68% | ▼ −23.88% | $7.47 (−53.46%) |
May 28, 2026 21w ago | 144 | $19.82 $13.41 | ▼ −32.34% | ▼ −29.20% | $7.47 (−62.31%) |
May 4, 2026 25w ago | 8-K | $16.37 $17.69 | ▲ +8.06% | ▲ +2.42% | $7.47 (−54.37%) |
May 4, 2026 25w ago | 8-K | $16.37 $17.69 | ▼ −8.06% | ▼ −2.42% | $7.47 (+54.37%) |
Mar 5, 2026 33w ago | Insider Cluster | $23.07 $19.22 | ▼ −16.69% | ▼ −14.69% | $7.47 (−67.62%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers