Form 4: Benchmark Electronics CEO Jeff Benck Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Jeff Benck, CEO of Benchmark Electronics, reports disposing of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On February 23, 2024, Jeff Benck disposed of 9,700 shares of Benchmark Electronics common stock at a price of $29.73 per share to cover taxes.
- Following this transaction, Benck directly owns 456,948 shares of common stock.
- On February 26, 2024, Benck disposed of 8,775 shares of Benchmark Electronics common stock at a price of $29.97 per share to cover taxes.
- Following this transaction, Benck directly owns 448,173 shares of common stock.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing simply reports stock disposals for tax purposes, which is a routine event.
Industry Context
This filing is a routine disclosure related to insider transactions and is a normal part of corporate governance.
Stakeholder Impact
- The stock disposal may have a minor impact on shareholders due to the increased supply of shares, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Jeff Benck disposed of 9,700 shares of Benchmark Electronics common stock at $29.73 per share. |
| 02/26/2024 | Jeff Benck disposed of 8,775 shares of Benchmark Electronics common stock at $29.97 per share. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.