Form 4: Littelfuse SVP Chad Marak Reports Stock Disposals

Chad Marak, SVP & GM Semiconductor Business at Littelfuse Inc, reports disposing of common stock to cover tax obligations related to vesting restricted stock units.

Summary

• Chad Marak, a Senior Vice President and General Manager at Littelfuse Inc, filed a Form 4 with the SEC.
• The form details the disposal of common stock on April 27 and April 28, 2024, to satisfy tax obligations related to the vesting of restricted stock units.
• A total of 113 shares were disposed of on April 27, 2024, and 86 shares were disposed of on April 28, 2024, both at a price of $231.64 per share.
• Following these transactions, Marak directly owns 6,075 shares of Littelfuse Inc common stock.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting stock disposals for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.

Stakeholder Impact

• The disposal of shares by an executive could be perceived negatively by some shareholders, although it is a common practice to cover tax obligations.

Key Dates