Form 4: Credo Technology Group CFO Daniel W. Fleming Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Daniel W. Fleming, CFO of Credo Technology Group Holding Ltd, disposed of shares to cover tax withholding obligations related to the vesting of Restricted Stock Units (RSUs).
Summary
- On July 5, 2024, Daniel W. Fleming, the Chief Financial Officer of Credo Technology Group Holding Ltd, disposed of 2,460 ordinary shares.
- The disposal was executed to satisfy tax withholding obligations related to the vesting and settlement of RSUs.
- The shares were disposed of at a price of $31.63 per share.
- Following the transaction, Fleming directly owns 699,254 ordinary shares.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to insider trading. The transaction is related to tax obligations, which is a neutral event.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This transaction is related to tax obligations, which is a common reason for share disposals.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 07/05/2024 | Date of share disposal transaction |
| 07/09/2024 | Date of signature for the Form 4 filing |
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