Form 4: Littelfuse CEO David Heinzmann Reports Stock Disposal to Cover Tax Obligations
SEC Form 4 Filing
David Heinzmann, President & CEO of Littelfuse Inc, reports disposing of 712 shares of common stock on April 22, 2024, to cover tax obligations related to vested restricted stock units.
Summary
- On April 22, 2024, David W Heinzmann, President & CEO of Littelfuse Inc, disposed of 712 shares of common stock.
- The transaction was executed to cover tax obligations arising from the vesting of restricted stock units.
- The shares were disposed of at a price of $228.84 per share.
- Following the transaction, Heinzmann directly owns 51,444 shares of Littelfuse Inc.
- The transaction was reported on April 23, 2024.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily reflect a change in the executive's confidence in the company.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This specific filing indicates a common practice of executives selling shares to cover tax obligations related to equity compensation.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Date of transaction: Disposal of 712 shares of common stock. |
| 04/23/2024 | Date of report filing. |
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