Form 4: Benchmark Electronics SVP Stephen J. Beaver Reports Stock Disposals to Cover Taxes
SEC Form 4 Filing
Stephen J. Beaver, SVP, General Counsel and CLO of Benchmark Electronics, reported the disposal of common stock to cover taxes related to vesting restricted stock units.
Summary
- On February 23, 2024, Stephen J. Beaver disposed of 1,888 shares of Benchmark Electronics Inc. common stock at a price of $29.73.
- On February 26, 2024, Stephen J. Beaver disposed of 1,455 shares of Benchmark Electronics Inc. common stock at a price of $29.97.
- These disposals were to cover taxes related to the vesting of restricted stock units.
- Following these transactions, Beaver beneficially owns 90,172 shares of Benchmark Electronics Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock disposals for tax purposes, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. Disposals to cover taxes on vesting equity are common.
Stakeholder Impact
- The stock disposals may have a minor impact on shareholders due to the increased supply of shares, but the impact is likely to be minimal given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 02/23/2024 | Disposal of 1,888 shares of common stock at $29.73 per share. |
| 02/26/2024 | Disposal of 1,455 shares of common stock at $29.97 per share. |
| 02/27/2024 | Date of signature for the Form 4 filing. |
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