Form 4: Adeia Inc. CEO Paul E. Davis Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Paul E. Davis, CEO of Adeia Inc., reports acquisition and disposal of common stock and restricted stock units.
Summary
- On March 1, 2025, Paul E. Davis, CEO of Adeia Inc., reported changes in beneficial ownership of the company's stock.
- Davis disposed of 50,464 shares of common stock to satisfy tax withholding obligations at a price of $15.72 per share.
- Davis also acquired 180,860 restricted stock units (RSUs) that vest in four equal installments annually from the grant date.
- Following these transactions, Davis beneficially owns 895,283 shares of common stock and an unstated number of derivative securities.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document is a standard regulatory filing detailing stock transactions. The RSU grant is mildly positive, but the tax-related sale is neutral.
Positives
- The grant of 180,860 restricted stock units to the CEO aligns his interests with the long-term performance of the company.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Stakeholder Impact
- The stock transactions by the CEO may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock disposal for tax obligations and RSU acquisition. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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