Form 4: Benchmark Electronics EVP Roop Kalyan Lakkaraju Reports Tax-Related Stock Disposals
SEC Form 4 Filing
Roop Kalyan Lakkaraju, EVP and CFO of Benchmark Electronics, reports disposals of common stock to cover taxes related to vesting of restricted stock units.
Summary
- Roop Kalyan Lakkaraju, the EVP and Chief Financial Officer of Benchmark Electronics Inc., filed a Form 4 detailing changes in beneficial ownership.
- On February 23, 2024, 3,219 shares of common stock were disposed of at a price of $29.73 to cover taxes related to the vesting of restricted stock units.
- On February 26, 2024, an additional 2,801 shares of common stock were disposed of at a price of $29.97 for the same reason.
- Following these transactions, Lakkaraju directly owns 150,716 shares of Benchmark Electronics Inc.
- These transactions were not related to discretionary trading but were instead to cover tax obligations.
Sentiment
Score: 6
Explanation: The document is a standard regulatory filing related to stock transactions for tax purposes. It doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and are common across publicly traded companies. The sale of shares to cover tax obligations is a standard practice.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | 3,219 shares of common stock disposed of to cover taxes at $29.73 per share. |
| 02/26/2024 | 2,801 shares of common stock disposed of to cover taxes at $29.97 per share. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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