Form 4: Credo Technology Group CEO William Brennan Reports Stock Transaction
SEC Form 4 Filing
William Brennan, CEO of Credo Technology Group Holding Ltd, reports the disposal of shares to cover tax obligations related to RSU vesting.
Summary
- On July 5, 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 at a price of $31.63 to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
- Following the transaction, Brennan directly owns 521,503 ordinary shares.
- Brennan also indirectly owns 2,673,618 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: 5
Explanation: The document is a routine regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is primarily related to tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/06/2002 | Date of The Brennan Family Trust. |
| 07/05/2024 | Date of stock transaction (disposal of shares). |
| 07/09/2024 | Date of signature on the Form 4 filing. |
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