Form 4: CommScope Executive Choi Justin C Reports Changes in Beneficial Ownership
SEC Form 4
SVP, Chief Legal Officer & Secretary of CommScope Holding Company, Justin C Choi, reports acquisition and disposal of common stock due to vesting of restricted stock units and tax withholding.
Summary
- On June 1, 2024, Justin C Choi, SVP, Chief Legal Officer & Secretary of CommScope Holding Company, reported changes in beneficial ownership of CommScope common stock.
- Choi acquired 254,600 shares of common stock at $0, representing restricted stock units vesting.
- Simultaneously, 21,771 shares were disposed of at $1.44 to cover taxes incurred upon the vesting of these restricted stock units.
- Following these transactions, Choi beneficially owns 713,975 shares of CommScope common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, reflecting neutral sentiment as it reports routine transactions related to executive compensation.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely insignificant.
Key Dates
| Date | Description |
|---|---|
| 03/01/2022 | Grant date of 17,367 restricted stock units vesting on 06/01/2025 |
| 03/01/2023 | Grant date of 53,534 restricted stock units vesting ratably on 06/01/2025 and 06/01/2026 |
| 06/01/2023 | Grant date of 60,334 restricted stock units vesting ratably on 06/01/2025 and 06/01/2026 |
| 03/01/2024 | Grant date of 125,400 restricted stock units vesting ratably on 06/01/2025, 06/01/2026 and 06/01/2027 |
| 06/01/2024 | Date of transaction: Acquisition of 254,600 shares and disposal of 21,771 shares. |
| 06/01/2025 | Vesting date for some restricted stock units. |
| 06/01/2026 | Vesting date for some restricted stock units. |
| 06/01/2027 | Vesting date for some restricted stock units. |
| 06/04/2024 | Date of signature for the Form 4 filing. |
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