Form 4: Logitech Director Christopher Jones Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Christopher Jones disposed of 977 registered shares of Logitech International S.A. to cover tax withholding obligations arising from the vesting of previously reported RSUs.
Summary
- On September 13, 2024, Christopher Jones, a director of Logitech International S.A., disposed of 977 registered shares.
- The transaction was an exempt disposition to the issuer under rule 16b-3(e).
- The shares were remitted to Logitech to satisfy tax withholding obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
- The price per share was $85.77, based on the closing price on the SIX Swiss Exchange of CHF 72.78 converted to USD.
- Following the transaction, Jones beneficially owns 7,826 registered shares.
Sentiment
Score: 5
Explanation: The document describes a routine transaction related to tax obligations, which is neutral in sentiment.
Industry Context
This is a routine transaction related to executive compensation and tax obligations, common among publicly traded companies.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 09/13/2024 | Date of the share disposition transaction. |
| 09/17/2024 | Date of signature on the Form 4 filing. |
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