Form 4: Credo Technology CEO William Brennan Reports Share Disposition for Tax Obligations
Insider Transaction Report
Credo Technology Group Holding Ltd's President and CEO, William Joseph Brennan, reported the disposition of 6,149 ordinary shares at $93.61 per share to cover tax withholding obligations related to RSU vesting.
Summary
- William Joseph Brennan, Director, President, and Chief Executive Officer of Credo Technology Group Holding Ltd (CRDO), reported a transaction on July 5, 2025.
- The transaction involved the disposition of 6,149 ordinary shares at a price of $93.61 per share.
- These shares were withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units (RSUs).
- Following this transaction, William Joseph Brennan directly beneficially owns 439,782 ordinary shares.
- Additionally, 2,211,978 ordinary shares are indirectly beneficially owned through The Brennan Family Trust, DTD 09/06/2002, though the reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
Sentiment
Score: 5
Explanation: The transaction is a routine tax withholding event related to RSU vesting, which is a neutral event in terms of company performance or outlook. It reflects the normal course of executive compensation.
Future Outlook
The document does not contain any forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure of an insider transaction, specifically related to executive compensation and tax obligations, and does not provide broader industry context or trends.
Stakeholder Impact
- Shareholders: The transaction represents a minor dilution from the perspective of shares outstanding, but it is a standard part of executive compensation and tax management. It does not indicate a change in the company's operational or financial health.
- Employees: The RSU vesting and associated tax withholding are part of the company's compensation structure, which can be a positive for employee retention and motivation.
Key Dates
| Date | Description |
|---|---|
| 2002-09-06 | Date of The Brennan Family Trust establishment. |
| 2025-07-05 | Date of transaction where shares were disposed for tax withholding. |
| 2025-07-08 | Date the Form 4 was signed by attorney-in-fact James Laufman. |
Keywords
Credo Technology Group Holding Ltd, CRDO, William Joseph Brennan, SEC Form 4, Insider Trading, Share Disposition, Tax Withholding, RSU Vesting, Executive Compensation, Beneficial Ownership
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