Form 4: Logitech Director Wendy Becker Reports Share Disposition for Tax Obligations

Wendy Becker, a director at Logitech International S.A., reported disposing of 965 registered shares to cover tax withholding obligations related to vested RSUs on September 13, 2024.

Summary

• On September 13, 2024, Wendy Becker, a director of Logitech International S.A., disposed of 965 registered shares.
• The disposition was an exempt transaction under Rule 16b-3(e) to satisfy tax withholding obligations arising from the vesting of previously reported Restricted Stock Units (RSUs).
• The shares were remitted to the Issuer, Logitech International S.A.
• The price per share was $85.77, 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, Becker beneficially owns 29,327 registered shares.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to executive compensation and tax obligations, which is neutral to slightly positive as it indicates the vesting of RSUs.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

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

Key Dates