Form 4: KLA Corp Executive Vice President Donzella Reports Stock Transaction
SEC Form 4
Oreste Donzella, Executive Vice President of KLA Corp, reports a transaction involving the withholding of shares to cover tax obligations related to vested restricted stock units.
Summary
- On March 20, 2024, Oreste Donzella, an Executive Vice President at KLA Corp, had 3,636.009 shares of common stock withheld to cover tax obligations.
- This was due to the vesting of 6,906 shares of KLA common stock from a restricted stock unit (RSU) grant on March 20, 2019.
- The withholding occurred at a price of $695.95 per share.
- Following the transaction, Donzella beneficially owns 20,179.383 shares of KLA common stock, which includes 8,678 shares issuable upon the vesting of RSUs.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine stock transaction. It doesn't inherently convey positive or negative sentiment.
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 is a routine tax withholding event.
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 vesting of 6,906 shares of KLA common stock. |
| 03/22/2024 | Date of signature for the Form 4 filing. |
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