Form 4: Littelfuse CEO David Heinzmann Reports Stock Disposals to Cover Tax Obligations

David W. Heinzmann, President and CEO of Littelfuse Inc., reported disposing of shares of common stock on April 27 and 28, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• David W. Heinzmann, the President and CEO of Littelfuse Inc., filed a Form 4 with the SEC detailing changes in his beneficial ownership of the company's stock.
• On April 27, 2024, Heinzmann disposed of 1,434 shares of common stock at a price of $231.64 per share to satisfy tax obligations.
• Following this transaction, he directly owned 60,927 shares of Littelfuse Inc.
• On April 28, 2024, Heinzmann disposed of 1,273 shares of common stock at a price of $231.64 per share to satisfy tax obligations.
• Following this transaction, he directly owned 59,654 shares of Littelfuse Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing detailing stock transactions by an insider to cover tax obligations, which is neither particularly positive nor negative.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• The stock disposal may have a minor impact on shareholders due to the increased supply of shares in the market, but the effect is likely to be minimal given the relatively small number of shares involved.

Key Dates