Form 4: Broadcom Executive Charlie Kawwas Reports Stock Transactions

Broadcom executive Charlie Kawwas reported the disposal of 12,277 shares of common stock and holdings of 21,575 shares directly, as well as indirect holdings through trusts and family members.

Summary

• Charlie Kawwas, a President at Broadcom, filed a Form 4 disclosing changes in his beneficial ownership of Broadcom stock.
• On March 15, 2024, Mr. Kawwas disposed of 12,277 shares of Broadcom common stock at a price of $1,235.5 per share.
• Following the transaction, Mr. Kawwas directly owns 21,575 shares of Broadcom stock.
• He also has indirect ownership of 72,092 shares through a trust and 220 shares through his children and spouse as custodian.
• The report also notes that 7,500 Restricted Stock Units (RSUs) and 29 shares were acquired under the Employee Stock Purchase Plan on March 14, 2024.

Sentiment

Score: 5

Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment. It is a routine filing.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies. It provides transparency into the trading activities of insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies in the US, and Broadcom's filing is consistent with these requirements.
• Other technology companies such as Nvidia, Qualcomm, and Intel also have executives who regularly file Form 4s to report their stock transactions.

Stakeholder Impact

• The transaction may have a minor impact on shareholders as it reflects an executive's trading activity, but it is not a significant event.

Key Dates

Keywords

Broadcom, stock, Form 4, insider trading, executive, share disposal, beneficial ownership, RSUs, employee stock purchase plan