Form 4: Ingram Micro CEO Reports Routine Stock Transaction

Ingram Micro CEO Paul D. Bay reported a disposition of 23,938 shares of common stock at $21.56 per share, primarily for tax withholding related to RSU vesting.

Summary

• Paul D. Bay, Chief Executive Officer and Director of Ingram Micro Holding Corp. (INGM), reported a transaction on October 23, 2025.
• The transaction involved the disposition of 23,938 shares of Common Stock.
• The shares were withheld to satisfy tax withholding obligations related to the vesting of Restricted Stock Units (RSUs) and do not represent a discretionary trade.
• The price per share for the disposed stock was $21.56.
• Following the transaction, Paul D. Bay directly beneficially owns 456,304 shares of Common Stock.
• Additionally, 45,500 shares of Common Stock are indirectly beneficially owned by the P/R Family Trust.

Sentiment

Score: 7

Explanation: The transaction represents a routine tax withholding event upon the vesting of Restricted Stock Units (RSUs) for the CEO, indicating compensation realization rather than a discretionary sale. This is generally a neutral to slightly positive event as it signifies the executive's equity compensation plan is progressing as expected.

Positives

• The vesting of Restricted Stock Units (RSUs) indicates compensation realization for the CEO, often tied to performance or tenure.
• The transaction was explicitly stated as not being a discretionary sale, suggesting no negative sentiment from the CEO regarding the company's prospects.

Negatives

• A reduction in direct share ownership, even for tax purposes, decreases the CEO's immediate direct stake in the company.

Stakeholder Impact

• Shareholders: The transaction is a routine compensation event and is unlikely to have a significant impact on the company's share price or long-term value. It represents a minor, non-discretionary reduction in the CEO's direct ownership.

Key Dates

Recommendation

This Form 4 details a non-discretionary sale of shares by the CEO for tax withholding purposes upon RSU vesting. It does not reflect a change in the CEO's sentiment towards the company or its future prospects, nor does it provide new information that would fundamentally alter the investment thesis. Therefore, a 'hold' recommendation is appropriate as the filing itself does not present a compelling reason to buy or sell.

Keywords

Ingram Micro, INGM, Paul D. Bay, CEO, Director, Form 4, insider transaction, stock ownership, RSU vesting, tax withholding