Form 4: IPG Photonics SVP, CFO Timothy Mammen Reports Changes in Beneficial Ownership
SEC Form 4
Timothy Mammen, SVP and CFO of IPG Photonics, reports acquisition and disposal of common stock due to performance share units vesting and tax withholdings.
Summary
- On March 1, 2024, Timothy Mammen, the SVP and CFO of IPG Photonics, reported changes in beneficial ownership of the company's stock.
- He acquired 1,070 shares of common stock due to the satisfaction of performance criteria for performance share units.
- He also disposed of 2,121 shares of common stock to cover taxes related to vested performance share units and service-based share units.
- Following these transactions, Mammen directly owns 71,580 shares of IPG Photonics common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing regarding stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The change in ownership is unlikely to have a significant impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 03/01/2024 | Date of stock acquisition and disposal. |
| 03/05/2024 | Date of signature for the report. |
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