Form 4: Broadcom Director Henry Samueli Receives Restricted Stock Units

Broadcom director Henry Samueli was granted 189 restricted stock units (RSUs) on April 22, 2024, which will vest on the earlier of the first anniversary of the grant date or the next annual shareholder meeting.

Summary

• Henry Samueli, a director at Broadcom Inc., received 189 restricted stock units (RSUs) on April 22, 2024.
• These RSUs will vest on the earlier of April 22, 2025, or the date of the next annual shareholder meeting, provided Mr. Samueli continues to serve as a director.
• Upon vesting, each RSU will convert into one share of Broadcom common stock.
• Mr. Samueli also indirectly holds a significant number of Broadcom shares through various entities, including D95GT LLC, H&S Investments I L.P., E95GT LLC, and H&S Portfolio II L.P.
• He disclaims beneficial ownership of these indirectly held shares except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The document is a routine SEC filing related to equity compensation, which is generally viewed as a positive for aligning management and shareholder interests. There are no negative implications.

Positives

• The grant of RSUs aligns Mr. Samueli's interests with those of the shareholders, incentivizing his continued service and contribution to the company.
• The vesting schedule ensures long-term commitment from the director.

Industry Context

This is a standard SEC Form 4 filing, which is common for corporate insiders who receive equity compensation. It reflects a typical practice of aligning management interests with shareholder value through equity grants.

Comparison to Industry Standards

• Equity compensation, such as RSUs, is a common practice among publicly traded technology companies like Broadcom.
• Companies such as Qualcomm, Intel, and Nvidia also use similar methods to compensate their directors and executives.
• The vesting schedule of one year or the next annual meeting is also a standard practice to ensure continued service.

Stakeholder Impact

• The grant of RSUs to a director is generally viewed positively by shareholders as it aligns management's interests with the company's long-term performance.

Key Dates

Keywords

Broadcom, Henry Samueli, Restricted Stock Units, RSUs, Director, Beneficial Ownership, SEC Form 4, Equity Compensation