Form 4: Adeia Inc. Executive Kevin Tanji Reports Stock Transaction
SEC Form 4 Filing
Chief Legal Officer Kevin Tanji reports disposition of Adeia Inc. shares to cover tax obligations.
Summary
- On October 19, 2024, Kevin Tanji, Chief Legal Officer of Adeia Inc., reported a transaction involving the disposition of 8,101 shares of common stock.
- The shares were disposed of to satisfy tax withholding obligations related to the vesting of shares.
- The transaction price was $12.44 per share.
- Following the transaction, Tanji directly owns 264,890 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 activity by a high-ranking officer at Adeia Inc.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares for tax purposes and does not indicate a change in the executive's confidence in the company.
Key Dates
| Date | Description |
|---|---|
| 10/19/2024 | Date of stock transaction |
| 10/22/2024 | Date of signature |
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