Form 4: MACOM Technology Solutions Executive Sells Shares to Cover Tax Obligations
SEC Form 4
Robert Dennehy, SVP of Operations at MACOM Technology Solutions, sold shares to cover tax withholding obligations related to vesting restricted stock units.
Summary
- Robert Dennehy, SVP of Operations at MACOM Technology Solutions Holdings, Inc., reported the disposition of common stock to cover tax obligations.
- On October 27, 2024, 673 shares were withheld by the issuer at a price of $121.7 per share.
- On October 28, 2024, an additional 386 shares were withheld at a price of $117.54 per share.
- Following these transactions, Dennehy beneficially owns 21,075 shares of common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction related to tax obligations, indicating a neutral sentiment.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation. It is common for executives to sell shares to cover tax obligations arising from the vesting of stock awards.
Key Dates
| Date | Description |
|---|---|
| 10/27/2024 | 673 shares withheld to cover tax obligations at $121.7 per share. |
| 10/28/2024 | 386 shares withheld to cover tax obligations at $117.54 per share. |
| 10/29/2024 | Date of Form 4 filing. |
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