Form 4: Logitech Director Sascha Zahnd Disposes of Shares to Cover Tax Obligations

Director Sascha Zahnd disposed of 181 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, Sascha Zahnd, a director of Logitech International S.A., disposed of 181 registered shares.
• The disposition was an exempt transaction under Rule 16b-3(e) to satisfy tax withholding obligations related to the vesting of previously reported Restricted Stock Units (RSUs).
• The shares were disposed of at a price of $85.77 per share, which is based on the closing price on the SIX Swiss Exchange of CHF 72.78 converted to USD at a rate of 1 CHF to $1.17855 on September 13, 2024.
• Following the transaction, Zahnd still beneficially owns 9,667 registered shares.

Sentiment

Score: 7

Explanation: The document reflects a neutral event (tax obligation fulfillment) with no apparent negative implications for the company. It's a routine transaction.

Industry Context

This filing is a routine disclosure related to insider transactions and is common for publicly traded companies. It provides transparency regarding the actions of company directors.

Stakeholder Impact

• The transaction has minimal impact on stakeholders as it is a standard procedure for covering tax obligations.

Key Dates