Form 4: Benchmark Electronics SVP Janick Reports Stock Disposals for Tax Obligations

Jan M. Janick, SVP and Chief Technology Officer of Benchmark Electronics, reported disposing of shares to cover tax obligations related to vesting restricted stock units.

Summary

• Jan M. Janick, a Senior Vice President and Chief Technology Officer at Benchmark Electronics Inc., filed a Form 4 indicating changes in beneficial ownership.
• On February 23, 2024, 1,091 shares of common stock were disposed of at a price of $29.73 to cover taxes related to vesting restricted stock units.
• On February 26, 2024, 998 shares of common stock were disposed of at a price of $29.97 to cover taxes related to vesting restricted stock units.
• Following these transactions, Janick beneficially owns 74,551 shares of Benchmark Electronics Inc. common stock.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction (disposal of shares for tax purposes) and doesn't indicate any significant positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common when restricted stock units vest.

Stakeholder Impact

• The disposal of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the reason for the disposal.

Key Dates