Form 4: Adeia Inc. CEO Paul E. Davis Reports Stock Transaction
SEC Form 4 Filing
Paul E. Davis, CEO of Adeia Inc., reports the disposal of 27,277 shares of common stock to cover tax obligations related to vesting shares on March 1, 2024.
Summary
- On March 1, 2024, Paul E. Davis, the CEO of Adeia Inc., disposed of 27,277 shares of common stock.
- The transaction was executed at a price of $11.53 per share.
- The shares were withheld to satisfy tax withholding obligations related to the release of shares subject to vesting.
- Following the transaction, Davis directly owns 634,099 shares of Adeia Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like the CEO, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Stakeholder Impact
- The transaction has a minimal direct impact on shareholders, as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction: disposal of 27,277 shares. |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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