Form 4: KLA Corp CEO Richard Wallace Reports Gift of 805 Shares
SEC Filing
Richard P. Wallace, President and CEO of KLA Corp, reported a gift of 805 common stock shares on February 11, 2025, according to a Form 4 filing.
Summary
- Richard P. Wallace, the President and CEO of KLA Corp, filed a Form 4 with the SEC.
- The filing reports a gift of 805 shares of KLA common stock on February 11, 2025.
- The transaction was executed under a pre-arranged Rule 10b5-1 trading plan adopted on November 4, 2024.
- Following the reported transaction, Wallace beneficially owns 89,542.065 shares of KLA common stock, including 62,493.721 shares issuable upon vesting of restricted stock units (RSUs).
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing reporting a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders and are publicly available to ensure transparency in the market.
Stakeholder Impact
- The gift of shares by the CEO could be perceived neutrally by stakeholders as it is a personal transaction.
- The existence of a 10b5-1 plan provides transparency regarding insider trading activities.
Key Dates
| Date | Description |
|---|---|
| November 4, 2024 | Date the Reporting Person adopted a Rule 10b5-1 trading plan |
| February 11, 2025 | Date of the gift transaction |
| February 13, 2025 | Date of the Form 4 filing |
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