Form 4: KLA Corp Executive Brian Lorig Reports Stock Transaction
SEC Form 4 Filing
Executive Vice President Brian Lorig reports a transaction involving KLA Corporation common stock related to tax withholding on vested restricted stock units.
Summary
- On March 20, 2024, Brian Lorig, an Executive Vice President at KLA Corporation, had 3,195.044 shares of common stock withheld to cover tax obligations related to the vesting of 6,630 restricted stock units (RSUs).
- The withholding occurred at a price of $695.95 per share.
- Following the transaction, Lorig beneficially owns 17,747.348 shares of KLA common stock, which includes 10,209 shares issuable upon the vesting of RSUs.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, and it doesn't inherently convey positive or negative sentiment. It's a neutral disclosure.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it primarily reflects internal compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/29/2019 | Date of the restricted stock unit ('RSU') grant by the registrant. |
| 03/20/2024 | Date of the stock transaction (tax withholding on vested RSUs). |
| 03/22/2024 | Date of signature for the Form 4 filing. |
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