Form 4: MACOM CEO Stephen Daly Reports Stock Sales and Tax Withholdings
SEC Form 4
MACOM Technology Solutions Holdings CEO Stephen G. Daly reported the sale of common stock and shares withheld for tax obligations related to vesting restricted stock units.
Summary
- On October 27 and 28, 2024, Stephen G. Daly, the President and CEO of MACOM Technology Solutions Holdings, Inc., reported transactions involving the company's common stock.
- A total of 3,581 shares were withheld by the issuer on October 27, 2024, to cover tax obligations related to vesting restricted stock units at a price of $121.7 per share.
- On October 28, 2024, 2,097 shares were withheld for tax obligations related to vesting restricted stock units at a price of $117.54 per share.
- Daly also sold 3,742 shares on October 28, 2024, at a weighted average price of $117.79, with prices ranging from $117.38 to $118.37.
- Additional sales on October 28, 2024, included 200 shares at $118.87, 300 shares at $119.71, 300 shares at $120.88, and 200 shares at $121.8.
- These sales were executed under a pre-arranged sales plan adopted on May 31, 2024, designed to comply with Rule 10b5-1 of the Securities Exchange Act of 1934.
- Following these transactions, Daly directly owns 65,577 shares of MACOM Technology Solutions Holdings, Inc.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions and provides transparency to the market regarding the trading activities of MACOM's CEO. It is standard practice for executives to utilize 10b5-1 plans to sell shares over time to avoid accusations of insider trading.
Stakeholder Impact
- Shareholders are informed about the CEO's stock transactions, providing transparency.
Key Dates
| Date | Description |
|---|---|
| May 31, 2024 | Date the Reporting Person adopted a sales plan intended to comply with Rule 10b5-1. |
| October 27, 2024 | Date of tax withholding for restricted stock units. |
| October 28, 2024 | Date of tax withholding and stock sales. |
| October 29, 2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.