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 2,212 shares to cover tax obligations related to vesting restricted stock units on June 24, 2024.
Summary
- On June 24, 2024, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had 2,212 shares of common stock withheld to satisfy tax obligations.
- This withholding was related to the vesting of restricted stock units (RSUs).
- The price per share for the transaction was $12.04.
- Following the transaction, Chakravarthy beneficially owns 393,383 shares of Enovix Corp, which includes 354,449 shares issuable upon the settlement of RSUs.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to executive compensation, indicating normal business operations. There is nothing to suggest a positive or negative outlook.
Industry Context
This is a routine filing related to executive compensation and tax obligations, common among publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/24/2024 | Date of share withholding for tax obligations related to vesting of restricted stock units. |
| 06/25/2024 | Date of signature for the Form 4 filing. |
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