Form 4: Broadcom Executive Sells 20,280 Shares in Recent Transaction

A Broadcom executive, Mark David Brazeal, sold 20,280 shares of common stock at an average price of $177.098 per share.

Summary

• Mark David Brazeal, Chief Legal & Corp Affairs Officer at Broadcom Inc., sold 20,280 shares of Broadcom common stock on October 7, 2024.
• The sale was executed at a weighted average price of $177.098 per share, with individual trades ranging from $177.09 to $177.15.
• Following the transaction, Brazeal directly owns 399,460 shares of Broadcom common stock.
• This total includes 303,750 restricted stock units.
• The share count has been adjusted to reflect a ten-for-one forward stock split that occurred on July 12, 2024.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction by an executive and does not indicate any positive or negative sentiment about the company's performance or future outlook.

Industry Context

Executive stock sales are a common occurrence and are often part of compensation packages or personal financial planning. This transaction is not unusual for a company of Broadcom's size and profile.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and portfolio management across the technology sector.
• Companies like Qualcomm, Intel, and Nvidia also see similar transactions from their executives.
• The volume of shares sold is not unusual for an executive at this level, and the price is consistent with the market value of the stock at the time of the transaction.

Stakeholder Impact

• The transaction is unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Broadcom, stock sale, executive transaction, insider trading, common stock, restricted stock units, AVGO