Form 4: Adeia Inc. Executive Dana Escobar Reports Stock Transaction
SEC Form 4 Filing
Dana Escobar, Chief Licensing Officer at Adeia Inc., reports the withholding of shares to cover tax obligations related to vesting.
Summary
- On September 1, 2024, Dana Escobar, Chief Licensing Officer, Semi at Adeia Inc., had 1,333 shares of common stock withheld to satisfy tax obligations.
- The price per share was $12.6.
- Following the transaction, Escobar directly owns 185,344 shares of Adeia Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing regarding stock transactions for tax purposes, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations. It is a standard practice for companies to withhold shares to cover taxes upon the vesting of stock awards.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a standard procedure for tax withholding on vested shares.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock transaction (tax withholding) |
| 09/03/2024 | Date of signature on the report |
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