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 a transaction involving the withholding of shares to cover tax obligations.
Summary
- On June 1, 2024, Paul E. Davis, the CEO of Adeia Inc., reported a transaction.
- The transaction involved the withholding of 52,452 common stock shares at a price of $11.83.
- This was done to satisfy tax withholding obligations related to the release of shares subject to vesting.
- Following the transaction, Davis beneficially owns 768,074 shares of Adeia Inc.
Sentiment
Score: 5
Explanation: Neutral sentiment as it reports a routine transaction related to tax obligations.
Industry Context
This filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their stock transactions.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is related to tax obligations of the CEO.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of the stock transaction (withholding of shares). |
| 06/03/2024 | Date of signature for the report. |
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