Form 4: Credo Technology Group CFO Daniel Fleming Reports Share Transaction

Daniel Fleming, CFO of Credo Technology Group Holding Ltd, reports the withholding of shares to cover tax obligations related to RSU vesting.

Summary

• On March 1, 2024, Daniel W. Fleming, the Chief Financial Officer of Credo Technology Group Holding Ltd, reported a transaction involving ordinary shares.
• The transaction involved the withholding of 1,522 shares by the issuer to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
• The price per share was $22.47.
• Following the transaction, Fleming beneficially owns 606,634 ordinary shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation. It's neutral in nature and doesn't indicate any significant positive or negative developments for the company.

Industry Context

This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.

Comparison to Industry Standards

• Tax withholding practices related to RSU vesting are standard across publicly traded companies.
• Executive share ownership is a common metric used to assess alignment of interests between management and shareholders.

Stakeholder Impact

• The transaction has a minimal direct impact on shareholders, as it relates to tax obligations of an executive.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates