Form 4: Adeia Inc. CEO Paul E. Davis Reports Tax-Related Stock Transaction
SEC Form 4 Filing
CEO Paul E. Davis of Adeia Inc. reports the withholding of shares to cover tax obligations related to vesting.
Summary
- On July 28, 2024, Paul E. Davis, CEO of Adeia Inc., reported a transaction involving common stock.
- 4,436 shares were disposed of to satisfy tax withholding obligations related to the release of shares subject to vesting.
- The price per share for the transaction was $11.56.
- Following the transaction, Davis directly owns 763,638 shares of Adeia Inc. common stock.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to tax obligations, which is neither particularly positive nor negative. It's a neutral event in terms of investment sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency in the market.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine tax-related stock disposal.
Key Dates
| Date | Description |
|---|---|
| 07/28/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 07/29/2024 | Date of signature for the report. |
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