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 related to vesting.
Summary
- On September 1, 2024, Kevin Tanji, Chief Legal Officer of Adeia Inc., reported a transaction involving the disposition of 4,366 shares of common stock.
- The shares were disposed of to satisfy tax withholding obligations related to the release of shares subject to vesting.
- The price per share was $12.6.
- Following the transaction, Tanji directly owns 272,991 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 compliance for corporate insiders and provide transparency into their transactions in company stock. This filing indicates activity by a key executive at Adeia Inc.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/01/2024 | Date of stock transaction |
| 09/03/2024 | Date of signature on the Form 4 filing |
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