Form 4: Benchmark Electronics Director Receives Restricted Stock Units

Anne De Greef-Safft, a director at Benchmark Electronics, was granted 4,038 restricted stock units on May 21, 2024, which vest one year from the grant date.

Summary

• On May 21, 2024, Anne De Greef-Safft, a director of Benchmark Electronics Inc. (BHE), acquired 4,038 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted at a price of $0.00 and are scheduled to vest one year from the date of grant.
• Following the transaction, De Greef-Safft directly owns 32,315 shares of Benchmark Electronics common stock.
• Additionally, she indirectly owns 3,884 shares through her spouse.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The grant of restricted stock units is a common practice and suggests confidence in the company's future. There are no negative indicators in the filing.

Positives

• The acquisition of restricted stock units by a director signals confidence in the company's future performance.

Future Outlook

The restricted stock units are scheduled to vest one year from the grant date, suggesting a commitment to the company's long-term performance.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Grants of restricted stock units are a common form of executive compensation in the electronics manufacturing services industry.

Comparison to Industry Standards

• Companies like Jabil and Flex also use restricted stock units as part of their compensation packages for directors and executives.
• The vesting schedules and grant sizes are typically determined by company performance and industry benchmarks.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders, as the value of the units is tied to the company's stock performance.

Key Dates