Form 4: Broadcom Director Eddy W. Hartenstein Sells Shares in Multiple Transactions
SEC Form 4 Filing
Broadcom director Eddy W. Hartenstein sold a total of 3,150 shares of common stock in multiple transactions on March 12, 2024.
Summary
- Eddy W. Hartenstein, a director at Broadcom Inc., sold 1,161 shares of Broadcom common stock at a weighted average price of $1,289.864 per share on March 12, 2024.
- He also sold 1,989 shares of Broadcom common stock at a weighted average price of $1,290.624 per share on the same day.
- These transactions were executed in multiple trades within price ranges of $1,289.21 to $1,290.17 and $1,290.23 to $1,291.13, respectively.
- Following these sales, Hartenstein directly owns 397 restricted stock units and indirectly owns 4,643 shares through the Hartenstein family trust.
- The shares held by the Hartenstein family trust are managed by Hartenstein as trustee.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing for insider trading, which is neutral in sentiment. It reflects routine transactions and does not indicate any positive or negative outlook for the company.
Industry Context
This is a routine disclosure of stock sales by a company director, which is common in publicly traded companies. It does not indicate any specific trend in the semiconductor industry.
Comparison to Industry Standards
- Insider trading disclosures are a standard practice for all publicly listed companies, including Broadcom's competitors such as Qualcomm, Nvidia, and Intel.
- These filings are required by the SEC to ensure transparency and prevent illegal insider trading.
- The volume of shares sold by Hartenstein is not unusual for a director's transactions.
Stakeholder Impact
- The stock sales by a director may have a minor impact on shareholder sentiment, but are generally considered routine.
- The transactions do not directly impact employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/12/2024 | Date of the stock sale transactions. |
| 03/14/2024 | Date the SEC Form 4 was signed. |
Keywords
Broadcom, stock sale, insider trading, Eddy W. Hartenstein, director, share transaction, SEC Form 4
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