Form 4: Adeia Inc. CFO Keith Jones Reports Stock Transaction
SEC Form 4 Filing
Keith Jones, CFO of Adeia Inc., reports the disposition of 29,461 shares of common stock to cover tax obligations related to vesting shares on August 1, 2024.
Summary
- On August 1, 2024, Keith Jones, the Chief Financial Officer of Adeia Inc., disposed of 29,461 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the release of shares subject to vesting.
- The price per share for the transaction was $11.1.
- Following the transaction, Jones beneficially owns 321,313 shares of Adeia Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction for tax purposes. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CFO's stock activity related to tax obligations from vesting shares, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of stock transaction where 29,461 shares were disposed of to cover tax obligations. |
| 08/02/2024 | Date of signature on the Form 4 filing. |
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