Form 4: Keysight Technologies SVP Jason Kary Reports Stock Transaction to Satisfy Tax Obligations

Keysight Technologies SVP Jason Kary surrendered 85 shares of common stock to cover tax liabilities related to restricted stock units.

Summary

• Jason Kary, a Senior Vice President at Keysight Technologies, reported a transaction involving the company's common stock.
• On December 10, 2024, Mr. Kary surrendered 85 shares of Keysight common stock.
• This transaction was to satisfy tax obligations related to restricted stock units that became retirement-treatment eligible.
• The shares were surrendered at a price of $172.26 per share, based on the fair market value of the stock on December 4, 2024.
• Following the transaction, Mr. Kary's direct holdings of Keysight common stock decreased by 85 shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction for tax purposes, which is neither positive nor negative for the company's performance. It is a standard practice for executives.

Industry Context

This is a routine transaction for executives who receive stock-based compensation. It is common for executives to surrender shares to cover tax obligations when restricted stock units vest.

Comparison to Industry Standards

• Stock transactions to cover tax liabilities are a standard practice across publicly traded companies.
• Many companies use similar methods for executives to manage their tax obligations related to stock-based compensation.
• The use of Rule 16b-3 for tax withholding is a common practice in the industry.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine tax-related stock surrender.

Key Dates

Keywords

Keysight Technologies, stock transaction, Form 4, Jason Kary, restricted stock units, tax liability, insider trading