Form 4: MACOM Director Rosenband Receives Stock Units
SEC Form 4
Director Jihye Whang Rosenband acquired 2,138 shares of MACOM Technology Solutions Holdings, Inc. through restricted stock units.
Summary
- On March 8, 2024, Jihye Whang Rosenband, a director of MACOM Technology Solutions Holdings, Inc., acquired 2,138 shares of common stock.
- The acquisition was in the form of restricted stock units (RSUs) granted under the company's 2021 Omnibus Incentive Plan.
- Each RSU represents the right to receive one share of common stock.
- The RSUs vest in full on March 8, 2025, contingent upon the director's continuous service with the company through that date.
- Following the transaction, Rosenband directly owns 8,233 shares of MACOM Technology Solutions Holdings, Inc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction (stock grant) which is generally viewed neutrally to positively as it aligns director interests with shareholders.
Positives
- The grant of restricted stock units aligns the director's interests with those of the shareholders, incentivizing continued service and contribution to the company's success.
Risks
- The value of the restricted stock units is subject to the market price of MACOM's common stock, which can fluctuate.
Future Outlook
The director's continued service is tied to the vesting of the restricted stock units, suggesting an expectation of ongoing involvement with the company.
Industry Context
Stock grants to directors are a common practice in the technology industry to incentivize performance and align interests with shareholders.
Comparison to Industry Standards
- Stock grants to directors are a common practice in the technology industry to incentivize performance and align interests with shareholders.
- Comparable companies such as Analog Devices (ADI) and Skyworks Solutions (SWKS) also utilize stock-based compensation for their directors.
Stakeholder Impact
- The stock grant aligns the director's interests with those of shareholders, potentially leading to decisions that benefit shareholder value.
Key Dates
| Date | Description |
|---|---|
| 03/08/2024 | Date of transaction: Acquisition of 2,138 restricted stock units. |
| 03/08/2025 | Vesting date for the restricted stock units, contingent upon continuous service. |
| 03/12/2024 | Date of signature on the Form 4 filing. |
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