Form 4: Benchmark Electronics CEO Sells Shares to Cover Taxes
SEC Form 4 Filing
Benchmark Electronics CEO Jeff Benck sold 9,331 shares of common stock on February 25, 2025, to cover taxes related to the vesting of restricted stock units.
Summary
- On February 25, 2025, Jeff Benck, the President and CEO of Benchmark Electronics Inc., disposed of 9,331 shares of common stock.
- The transaction was executed to cover taxes related to the vesting of restricted stock units.
- The shares were sold at a price of $40 per share.
- Following the transaction, Benck still beneficially owns 454,180 shares of Benchmark Electronics Inc.
- The transaction was reported on February 27, 2025.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The sale of shares by the CEO could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the sale.
Key Dates
| Date | Description |
|---|---|
| 02/25/2025 | Date of transaction: Jeff Benck disposed of 9,331 shares of common stock. |
| 02/27/2025 | Date of report filing. |
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