Form 4: MACOM Executive Donghyun Thomas Hwang Reports Stock Transactions Following Vesting of Restricted Stock Units
SEC Form 4
MACOM's SVP of Global Sales, Donghyun Thomas Hwang, acquired shares through vesting of restricted stock units and subsequently sold some to cover tax obligations.
Summary
- Donghyun Thomas Hwang, SVP of Global Sales at MACOM Technology Solutions Holdings, acquired 25,459 shares of common stock on November 7, 2024, through the vesting of performance-based restricted stock units (PRSUs).
- On the same day, 11,173 shares were withheld by MACOM to cover tax obligations related to the vesting of the PRSUs at a price of $139.14 per share.
- An additional 471 shares were withheld on November 8, 2024, at a price of $137.86 per share to cover tax obligations related to the vesting of restricted stock units.
- Following these transactions, Hwang beneficially owns 50,917 shares of MACOM common stock.
Sentiment
Score: 5
Explanation: The document reflects routine transactions related to executive compensation and does not indicate any positive or negative sentiment.
Industry Context
This is a routine filing related to executive compensation and is common practice for publicly traded companies. It reflects the vesting of equity awards and the subsequent tax obligations.
Comparison to Industry Standards
- The vesting of restricted stock units and subsequent tax withholding is a standard practice in executive compensation across the technology industry.
- Many companies use similar equity compensation plans to align executive interests with shareholder value.
- The tax withholding process is also a common practice to ensure compliance with tax regulations.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the standard vesting of executive compensation.
- The transactions do not have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 11/07/2024 | Vesting of performance-based restricted stock units (PRSUs) and subsequent tax withholding. |
| 11/08/2024 | Tax withholding related to the vesting of restricted stock units. |
| 11/12/2024 | Date of filing of the Form 4. |
Keywords
stock, insider trading, restricted stock units, vesting, tax withholding, equity compensation, MACOM, MTSI
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