Form 4: Keysight Technologies SVP and Secretary, Jeffrey K. Li, Reports Stock Transactions

Jeffrey K. Li, SVP and Secretary at Keysight Technologies, reported the acquisition and disposal of company stock, including shares awarded under the Long-Term Performance Program and restricted stock units.

Summary

• Jeffrey K. Li, a Senior Vice President and Secretary at Keysight Technologies, Inc., filed a Form 4 detailing changes in his beneficial ownership of company stock.
• On November 20, 2024, Mr. Li was awarded 3,505 shares of common stock under the company's Long-Term Performance Program.
• He also surrendered 1,738 shares to cover tax liabilities related to the performance share release at a price of $165.48 per share.
• Additionally, Mr. Li received 7,523 restricted stock units (RSUs) which will vest in equal installments over the next four years.
• Following these transactions, Mr. Li's direct holdings amount to 35,048.82 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and does not indicate any significant positive or negative sentiment. The transactions are routine and expected.

Positives

• The award of 3,505 shares under the Long-Term Performance Program indicates a positive incentive for Mr. Li.
• The grant of 7,523 restricted stock units (RSUs) aligns Mr. Li's interests with the long-term performance of the company.

Negatives

• The surrender of 1,738 shares to cover tax liabilities resulted in a reduction of Mr. Li's holdings.

Risks

• The vesting schedule of the RSUs could potentially lead to future stock sales by Mr. Li as they vest.

Future Outlook

The vesting of the restricted stock units over the next four years will continue to impact Mr. Li's holdings.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common practice in publicly traded companies. It provides transparency into the compensation and ownership structure of the company's leadership.

Comparison to Industry Standards

• Stock-based compensation, including performance shares and restricted stock units, is a common practice among technology companies like Keysight Technologies.
• The vesting schedule of the RSUs is typical, with vesting occurring over several years to incentivize long-term performance.
• The tax liability transaction is a standard procedure when stock awards vest, and the company's approach is consistent with industry norms.

Stakeholder Impact

• The stock transactions may have a minor impact on shareholders due to the change in ownership by a company executive.
• The vesting of RSUs could potentially lead to future stock sales by Mr. Li.

Next Steps

• The restricted stock units will vest in equal installments on each of the first four anniversaries of the grant date.

Key Dates

Keywords

Form 4, Keysight Technologies, Stock Transactions, Beneficial Ownership, Restricted Stock Units, Long-Term Performance Program, Equity Compensation, Insider Trading