Form 4: Benchmark Electronics Director Acquires Shares Through Restricted Stock Unit Award
SEC Form 4 Filing
Director Ramesh Gopalakrishnan acquired 4,038 shares of Benchmark Electronics through a restricted stock unit award on May 21, 2024.
Summary
- On May 21, 2024, Ramesh Gopalakrishnan, a director of Benchmark Electronics Inc., acquired 4,038 shares of common stock.
- The acquisition was through a restricted stock unit (RSU) award.
- These shares are scheduled to vest one year from the date of grant.
- Following the transaction, Gopalakrishnan beneficially owns 20,669 shares of Benchmark Electronics.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reports a standard transaction of share acquisition through a restricted stock unit award, which is a common practice.
Positives
- The acquisition of shares by a director signals confidence in the company's future prospects.
Future Outlook
The restricted stock units are scheduled to vest one year from the date of grant, indicating a future incentive for the director.
Industry Context
Directors receiving stock-based compensation is a common practice in the electronics industry to align management's interests with those of shareholders.
Stakeholder Impact
- The acquisition of shares by a director can positively influence shareholder confidence.
Key Dates
| Date | Description |
|---|---|
| 05/21/2024 | Date of transaction: Ramesh Gopalakrishnan acquired 4,038 shares through a restricted stock unit award. |
| 05/22/2024 | Date of signature: Jason Eastburn signed on behalf of Ramesh Gopalakrishnan. |
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