Form 4: Enovix Corp: Chief Legal Officer Arthi Chakravarthy Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Arthi Chakravarthy, Chief Legal Officer of Enovix Corp, reports the withholding of shares to cover tax obligations related to vesting restricted stock units.
Summary
- On July 24, 2024, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 2,213 shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- The price per share for the withholding was $15.12.
- Following the transaction, Chakravarthy beneficially owns 386,892 shares, which includes 342,146 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine transaction related to executive compensation and tax obligations.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 07/24/2024 | Date of transaction: Share withholding for tax obligations related to vesting of restricted stock units. |
| 07/25/2024 | Date of report signature. |
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