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 the vesting of performance stock units and the withholding of shares for tax obligations.
Summary
- On April 30, 2025, Paul E. Davis, the CEO of Adeia Inc., reported changes in his beneficial ownership of the company's stock.
- 129,186 Performance Stock Units (PSUs) originally awarded on April 29, 2022, vested on April 30, 2025, following a three-year performance period and certification by the Compensation Committee.
- Shares were withheld to satisfy tax withholding obligations in connection with the release of shares subject to vesting; 65,596 shares were disposed of at a price of $12.31.
- Following these transactions, Davis directly owns 958,873 shares of Adeia Inc. common stock.
Sentiment
Score: 5
Explanation: This is a routine filing related to executive compensation and tax obligations, with no inherent positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The vesting of PSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| April 29, 2022 | Original award date of the Performance Stock Units (PSUs) |
| April 29, 2025 | End of the three-year performance period for the PSUs |
| April 30, 2025 | Vesting date of the PSUs and the date of the reported transactions |
| May 01, 2025 | Date of signature on the Form 4 filing |
Keywords
Beneficial Ownership, Form 4, Performance Stock Units, Tax Withholding, ADEA, Adeia Inc., CEO, Paul E. Davis, Stock
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