Form 4: Credo Technology Group CEO William Brennan Reports Share Disposal for Tax Obligations

William Brennan, CEO of Credo Technology Group, reports the disposal of shares to cover tax withholding obligations related to RSU vesting.

Summary

• On May 31, 2024, William Joseph Brennan, the President and CEO of Credo Technology Group Holding Ltd, reported a transaction involving ordinary shares.
• Brennan disposed of 6,149 ordinary shares to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
• The shares were disposed of at a price of $26.07 per share.
• Following the transaction, Brennan directly owns 672,130 ordinary shares.
• Brennan also indirectly owns 2,917,500 ordinary shares through The Brennan Family Trust, DTD 09/06/2002, but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing detailing a share disposal for tax purposes, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves a relatively small number of shares.

Key Dates