Form 4: Broadcom CFO Kirsten Spears Sells 2,500 Shares
SEC Form 4 Filing
Broadcom's CFO, Kirsten Spears, sold 2,500 shares of common stock at a price of $1,043.144 per share on January 5, 2024.
Summary
- Kirsten M. Spears, the CFO and Chief Accounting Officer of Broadcom Inc., sold 2,500 shares of Broadcom common stock on January 5, 2024.
- The sale price was $1,043.144 per share.
- Following the transaction, Ms. Spears beneficially owns 26,880 shares of Broadcom common stock, which includes 22,623 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of a stock sale by an executive, with no indication of positive or negative sentiment.
Industry Context
This is a routine filing related to insider trading activity. It is common for executives to sell shares for personal financial management.
Comparison to Industry Standards
- Executive stock sales are a common occurrence in publicly traded companies, and this transaction is within the normal range of such activities.
- Similar filings are regularly made by executives at comparable technology companies such as Qualcomm, Intel, and Nvidia.
Stakeholder Impact
- The stock sale may have a minor impact on shareholder sentiment, but is unlikely to significantly affect the company's overall performance.
Key Dates
| Date | Description |
|---|---|
| 01/05/2024 | Date of the stock sale transaction. |
| 01/09/2024 | Date the form was signed by the Attorney-in-Fact. |
Keywords
Broadcom, Kirsten Spears, CFO, stock sale, insider trading, equity securities, restricted stock units
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