Form 4: KLA Corp EVP Bren D. Higgins Reports Stock Transaction
SEC Form 4 Filing
Bren D. Higgins, EVP & Chief Financial Officer of KLA Corp, reports a transaction involving the withholding of shares to cover tax obligations upon vesting of restricted stock units.
Summary
- On March 20, 2024, Bren D. Higgins, EVP & Chief Financial Officer of KLA Corp, had 6,804.192 shares of common stock withheld to cover tax obligations.
- This was due to the vesting of 13,813 shares of KLA common stock from a restricted stock unit (RSU) grant on March 20, 2019.
- The price per share used for calculating the withholding was $695.95, the closing price of KLA common stock on March 20, 2024.
- Following the transaction, Higgins beneficially owns 39,393.2 shares of KLA common stock, including 21,433 shares issuable upon vesting of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on a routine stock transaction related to executive compensation.
Industry Context
This is a routine filing related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on the overall shareholding structure of KLA Corp.
Key Dates
| Date | Description |
|---|---|
| 03/20/2019 | Date of the restricted stock unit (RSU) grant by KLA Corp. |
| 03/20/2024 | Date of the stock transaction where shares were withheld for tax obligations and the closing price of KLA common stock was $695.95. |
| 03/22/2024 | Date of signature of the report by Jeffrey S. Cannon, as attorney-in-fact for Bren D. Higgins. |
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