Form 4: Keysight Technologies SVP Mark Wallace Reports Stock Award and Tax Liability Transaction
SEC Form 4 Filing
Mark Wallace, SVP of Keysight Technologies, reports the acquisition of shares through a long-term performance program and a transaction to cover tax liabilities.
Summary
- On May 14, 2025, Mark Wallace, SVP of Keysight Technologies, acquired 12,822 shares of common stock through the company's Long-Term Performance Program.
- Wallace also surrendered 4,144 shares to cover tax liabilities associated with the release of these performance shares at a price of $164.46 per share.
- Additionally, the report includes an adjustment for an underreporting of 1,966 restricted stock units granted on November 20, 2024.
- Wallace's total holdings after these transactions amount to 96,637.704 shares.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it primarily reports routine stock transactions. The stock award is a positive sign, but the tax liability transaction is a standard occurrence.
Positives
- The acquisition of 12,822 shares through the Long-Term Performance Program indicates a potential alignment of Wallace's interests with the company's long-term success.
Industry Context
Form 4 filings are standard practice for company insiders to report transactions in their company's stock, providing transparency to investors.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in beneficial ownership of company stock.
Key Dates
| Date | Description |
|---|---|
| November 20, 2024 | Date of grant for 1,966 restricted stock units which were underreported. |
| May 14, 2025 | Date of stock award and tax liability transaction. |
| May 16, 2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Keysight Technologies, Mark Wallace, Stock Award, Tax Liability, Long-Term Performance Program, Restricted Stock Units, Beneficial Ownership
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.