Form 4: Intevac CEO Nigel Hunton Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
CEO Nigel Hunton disposed of 3,147 shares of Intevac Inc. to cover tax obligations arising from equity awards.
Summary
- On February 15, 2025, Nigel Hunton, the President and CEO of Intevac Inc., disposed of 3,147 shares of common stock.
- The transaction was executed to cover tax obligations.
- The price per share was $4.04.
- Following the transaction, Hunton directly owns 561,107 shares of Intevac Inc.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (disposal of shares for tax obligations) by an executive, which is neither particularly positive nor negative.
Industry Context
Executive stock transactions are a normal part of corporate governance. It is common for executives to sell shares to cover tax obligations related to vesting equity.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 02/15/2025 | Date of transaction: Nigel Hunton disposed of shares. |
| 02/18/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Intevac Inc, IVAC, Nigel Hunton, Stock Disposal, Tax Obligations, Insider Trading
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