Form 4: Littelfuse SVP Chad Marak Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Chad Marak, SVP & GM Semiconductor Business at Littelfuse Inc, disposed of 37 shares of common stock on April 22, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On April 22, 2024, Chad Marak, a Senior Vice President and General Manager at Littelfuse Inc, disposed of 37 shares of common stock.
- The transaction was executed to cover tax obligations associated with the vesting of restricted stock units.
- The shares were disposed of at a price of $228.84 per share.
- Following the transaction, Marak directly owns 4,147 shares of Littelfuse Inc.
- The transaction was reported on a Form 4 filing with the SEC on April 23, 2024.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and does not indicate any significant change in the insider'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 transaction appears to be a standard sale to cover tax obligations, which is a common practice.
Key Dates
| Date | Description |
|---|---|
| 04/22/2024 | Date of transaction: Chad Marak disposed of 37 shares of common stock. |
| 04/23/2024 | Date of Form 4 filing. |
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