Form 4: Adeia Inc. Executive Dana Escobar Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Dana Escobar, Chief Licensing Officer at Adeia Inc., reports a transaction involving common stock to cover tax obligations.
Summary
- On March 1, 2024, Dana Escobar, Chief Licensing Officer, Semi at Adeia Inc., had 6,933 common stock shares withheld to satisfy tax obligations related to the vesting of shares.
- The transaction price was $11.53 per share.
- Following the transaction, Escobar beneficially owns 119,675 shares of Adeia Inc. common stock directly.
Sentiment
Score: 7
Explanation: The document is a routine regulatory filing indicating standard executive compensation practices. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of transaction where shares were withheld for tax obligations. |
| 03/04/2024 | Date of signature for the Form 4 filing. |
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