Form 4: Adeia Inc. Executive Kevin Tanji Reports Stock Transaction
SEC Form 4 Filing
Kevin Tanji, Chief Legal Officer of Adeia Inc., reports the withholding of shares to cover tax obligations related to vesting.
Summary
- On March 1, 2024, Kevin Tanji, the Chief Legal Officer of Adeia Inc., reported a transaction involving common stock.
- A total of 15,606 shares were disposed of at a price of $11.53.
- This transaction was to satisfy tax withholding obligations related to the release of shares subject to vesting.
- Following the transaction, Tanji directly owns 196,386 shares of Adeia Inc.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to tax obligations, and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are standard disclosures required by the SEC to ensure transparency in insider trading activities, providing investors with insights into the actions of company executives and their confidence in the company's stock.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock transaction (disposal of shares). |
| 03/04/2024 | Date of signature on the Form 4 filing. |
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