Form 4: KLA Corp Executive Bren D. Higgins Reports Stock Transactions Following RSU Vesting
SEC Form 4
EVP & Chief Financial Officer of KLA Corp, Bren D. Higgins, reports disposition of shares to cover tax obligations following vesting of restricted stock units.
Summary
- On August 8, 2024, Bren D. Higgins, EVP & Chief Financial Officer of KLA Corp, filed a Form 4 with the SEC.
- The filing reports the disposition of KLA common stock due to the vesting of restricted stock units (RSUs) granted on August 6, 2020.
- Specifically, shares were withheld to cover required tax obligations upon the vesting of both standard and performance-based RSUs.
- A total of 1,003.004 shares were disposed of at a price of $703.48 per share related to the vesting of 25% of the standard RSUs.
- An additional 3,009.506 shares were disposed of at the same price of $703.48 per share related to the vesting of 50% of the performance-based RSUs.
- Following these transactions, Higgins directly owns 41,166.539 shares of KLA common stock, which includes 22,564.052 shares issuable upon vesting of RSUs.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
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 filing provides transparency to shareholders regarding executive stock transactions.
Key Dates
| Date | Description |
|---|---|
| 08/06/2020 | Date the Reporting Person was granted restricted stock units ('RSUs') for 8,094.000 shares of KLA common stock. |
| 08/05/2024 | Date of the closing price of KLA common stock used for purposes of calculating the number of shares to be withheld. |
| 08/06/2024 | Date of transaction and vesting of RSUs and performance-based restricted stock units. |
| 08/08/2024 | Date of filing the Form 4. |
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.