Form 4: Benchmark Electronics SVP Rhonda R. Turner Reports Stock Disposals to Cover Taxes

Rhonda R. Turner, SVP and Chief HR Officer of Benchmark Electronics, reported disposing of shares to cover taxes related to vesting restricted stock units.

Summary

• Rhonda R. Turner, a Senior Vice President and Chief HR Officer at Benchmark Electronics Inc., filed a Form 4 with the SEC.
• The form details changes in her beneficial ownership of the company's common stock.
• On February 23, 2024, she disposed of 1,126 shares at a price of $29.73.
• On February 26, 2024, she disposed of 1,006 shares at a price of $29.97.
• These disposals were to cover taxes related to the vesting of restricted stock units.
• Following these transactions, Turner beneficially owns 53,991 shares of Benchmark Electronics Inc.
• The filing was signed on February 27, 2024, by Jason Eastburn under Power of Attorney.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover taxes on vesting equity are common.

Stakeholder Impact

• The stock disposals are unlikely to have a significant impact on shareholders, as they are related to tax obligations and represent a small percentage of the total outstanding shares.

Key Dates