Form 4: Keysight Technologies Executive Surrenders Shares to Cover Tax Obligations

A Keysight Technologies executive surrendered 81 shares to cover tax liabilities related to restricted stock units.

Summary

• Sung Jin Yoon, a Senior Vice President at Keysight Technologies, surrendered 81 shares of common stock on December 10, 2024.
• The shares were surrendered to satisfy tax obligations arising from restricted stock units that became retirement-treatment eligible.
• The tax liability was calculated based on the fair market value of Keysight stock on December 4, 2024.
• The total value of the surrendered shares was $11,241.86, based on a price of $172.26 per share.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to executive compensation and does not indicate any positive or negative sentiment.

Industry Context

This type of transaction is common for executives who receive stock-based compensation, as they often need to surrender shares to cover taxes when the stock vests or becomes eligible for retirement treatment.

Comparison to Industry Standards

• Stock surrenders to cover tax obligations are a standard practice across publicly traded companies, particularly in the technology sector.
• Many companies use similar mechanisms to manage the tax implications of equity-based compensation for their executives.
• The specific number of shares and value will vary based on individual grants and company stock performance.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a standard practice for executive compensation.
• The transaction does not directly impact employees, customers, suppliers, or creditors.

Key Dates

Keywords

Keysight Technologies, stock surrender, tax liability, restricted stock units, executive compensation