Form 4: Keysight Technologies SVP Mark Wallace Sells Shares to Cover Tax Obligations

Keysight Technologies SVP Mark Wallace sold a total of 1,500 shares of common stock between November 15th and November 18th, 2024, to cover tax liabilities.

Summary

• Mark Wallace, a Senior Vice President at Keysight Technologies, sold a total of 1,500 shares of common stock between November 15th and November 18th, 2024.
• These sales were executed to cover tax liabilities arising from the release of restricted shares.
• The sales occurred at prices of $149.37 per share on November 15th, 16th and 17th, and $151.42 on November 18th.
• After these transactions, Mr. Wallace beneficially owns 88,008.742 shares of Keysight Technologies common stock.
• The transactions were made in accordance with Rule 16b-3 of the Securities Exchange Act of 1934.

Sentiment

Score: 5

Explanation: The document reflects a routine transaction for tax purposes, with no indication of positive or negative sentiment.

Industry Context

This is a routine transaction for executives who receive stock-based compensation, and is not unusual in the technology sector.

Comparison to Industry Standards

• Executive stock sales to cover tax obligations are common across the technology industry.
• Many companies use restricted stock units (RSUs) as part of their compensation packages, which often trigger tax liabilities upon vesting.
• Similar transactions are regularly reported by executives at companies like Texas Instruments, Analog Devices, and Intel.

Stakeholder Impact

• The stock sales by Mark Wallace are unlikely to have a significant impact on shareholders, employees, customers, suppliers, or creditors.

Key Dates

Keywords

Keysight Technologies, Mark Wallace, stock sale, insider trading, tax liability, restricted shares, Rule 16b-3