Form 4: Enovix Corp: Chief Legal Officer Arthi Chakravarthy Reports Stock Transaction
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 May 8, 2024, Arthi Chakravarthy, the Chief Legal Officer of Enovix Corp, had shares of common stock withheld to satisfy tax obligations related to the vesting of restricted stock units (RSUs).
- A total of 932 shares were withheld at a price of $9.08 per share.
- Following the transaction, Chakravarthy beneficially owns 397,280 shares of Enovix Corp, which includes 364,602 shares issuable upon the settlement of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices and tax obligations.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 05/08/2024 | Date of the stock transaction (withholding of shares for tax obligations). |
| 05/09/2024 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.