Form 4: Credo Technology Group Holding Ltd: CEO William Joseph Brennan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
CEO William Joseph Brennan of Credo Technology Group Holding Ltd reports a transaction involving ordinary shares to cover tax obligations related to RSU vesting.
Summary
- On March 1, 2024, William Joseph Brennan, the President and CEO of Credo Technology Group Holding Ltd, reported a transaction involving the company's ordinary shares.
- The transaction involved the disposal of 6,149 ordinary shares at a price of $22.47 to satisfy tax withholding obligations related to the vesting and settlement of Restricted Stock Units (RSUs).
- Following the transaction, Brennan directly owns 434,428 ordinary shares.
- Brennan also indirectly owns 3,097,500 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: 7
Explanation: The document reflects a routine transaction related to executive compensation, which is neither particularly positive nor negative. The sentiment is neutral.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is related to tax obligations from executive compensation.
Key Dates
| Date | Description |
|---|---|
| 09/06/2002 | Date of The Brennan Family Trust (DTD) |
| 03/01/2024 | Date of transaction involving ordinary shares |
| 03/05/2024 | Date of signature for the report |
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