Form 4: Ingram Micro Holding Corp: CEO Paul D. Bay Reports Stock Award and Holdings
SEC Form 4
CEO Paul D. Bay reports acquisition of restricted stock units and existing common stock holdings in Ingram Micro Holding Corp, subject to a lock-up agreement.
Summary
- Paul D. Bay, CEO of Ingram Micro Holding Corp, filed a Form 4 detailing changes in beneficial ownership.
- On March 3, 2025, Bay acquired 115,979 restricted stock units (RSUs).
- These RSUs vest in three equal annual installments starting March 3, 2026, and ending March 3, 2028.
- Each RSU represents the right to receive one share of Common Stock upon vesting.
- Bay also reported owning 480,242 shares of Common Stock directly and 45,500 shares indirectly through a P/R Family Trust.
- The reported shares are subject to a lock-up agreement effective October 23, 2024, preventing sale for 180 days.
- The lock-up agreement is with Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, and J.P. Morgan Securities LLC.
Sentiment
Score: 6
Explanation: The sentiment is neutral. It's a standard regulatory filing detailing stock ownership. The RSU grant is a positive sign of alignment, but the lock-up agreement is a neutral factor.
Positives
- The acquisition of RSUs by the CEO could be seen as a positive sign, indicating confidence in the company's future performance.
Future Outlook
The RSUs vest over three years, suggesting a long-term commitment by the CEO.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders. This filing provides transparency to investors regarding the CEO's stake in the company.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units (RSUs) as a way to align management's interests with those of shareholders.
- Lock-up agreements are common after significant corporate events, such as IPOs or major acquisitions, to prevent large-scale selling of shares by insiders.
Stakeholder Impact
- Shareholders may view the RSU grant as a positive sign of the CEO's commitment to the company's long-term success.
Key Dates
| Date | Description |
|---|---|
| 10/23/2024 | Effective date of the lock-up agreement. |
| 03/03/2025 | Date of the transaction (acquisition of RSUs). |
| 03/03/2026 | First vesting date for the RSUs. |
| 03/03/2028 | Final vesting date for the RSUs. |
| 03/05/2025 | Date of 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.