Form 4: MACOM Technology Solutions CEO Stephen Daly Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Stephen Daly, President and CEO of MACOM Technology Solutions Holdings, Inc., disposed of 4,569 shares of common stock on May 16, 2024, to satisfy tax withholding obligations related to vesting restricted stock units.
Summary
- On May 16, 2024, Stephen G. Daly, the President and CEO of MACOM Technology Solutions Holdings, Inc. disposed of 4,569 shares of common stock.
- The transaction was executed to cover tax withholding obligations associated with the vesting of restricted stock units.
- Following the transaction, Daly directly owns 85,484 shares of MACOM Technology Solutions Holdings, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices. It doesn't indicate positive or negative sentiment about the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when restricted stock units vest.
Stakeholder Impact
- The transaction has minimal impact on stakeholders as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Stephen Daly disposed of shares to cover tax obligations. |
| 05/20/2024 | Date of signature on the Form 4 filing. |
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