Form 4: MACOM Technology Solutions Director Receives Stock Units

Murugesan Shanmugaraj, a director at MACOM Technology Solutions Holdings, was granted restricted stock units on March 8, 2024.

Summary

• Murugesan Shanmugaraj, a director at MACOM Technology Solutions Holdings, Inc., filed a Form 4 on March 12, 2024.
• The form reports a transaction that occurred on March 8, 2024, where Mr. Shanmugaraj acquired 2,138 shares of common stock in the form of restricted stock units.
• These restricted stock units were granted under the Issuer's 2021 Omnibus Incentive Plan.
• Each restricted stock unit represents the contingent right to receive one share of Common Stock.
• The restricted stock units vest in full on March 8, 2025, provided that Mr. Shanmugaraj remains in continuous service with the Issuer through the vesting date.
• Following the reported transaction, Mr. Shanmugaraj beneficially owns 4,215 shares of common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The granting of stock units is a standard practice and indicates confidence in the company's future.

Positives

• The grant of restricted stock units aligns the director's interests with the company's long-term performance.

Future Outlook

The vesting of the restricted stock units is contingent upon the director's continued service with the company through March 8, 2025.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Grants of restricted stock units are a common form of executive compensation in the technology industry.

Stakeholder Impact

• The grant of restricted stock units aligns the director's interests with those of the shareholders.

Key Dates