Form 4: MACOM Technology Solutions Holdings CEO Stephen Daly Reports Stock Award

Stephen Daly, President and CEO of MACOM Technology Solutions Holdings, reports the acquisition of 11,525 restricted stock units.

Summary

• On October 23, 2024, Stephen G. Daly, the President and CEO of MACOM Technology Solutions Holdings, Inc., acquired 11,525 restricted stock units (RSUs).
• These RSUs were granted under the Issuer's 2021 Omnibus Incentive Plan.
• Each RSU represents the contingent right to receive one share of Common Stock.
• The RSUs vest in three tranches: 3,841 shares on 10/23/2025, 3,841 shares on 10/23/2026, and 3,843 shares on 10/23/2027, contingent upon continuous service with the Issuer through each vesting date.
• Following the reported transaction, Daly beneficially owns 75,997 shares of Common Stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. It reflects a standard executive compensation practice, indicating confidence in the CEO's continued leadership and alignment with shareholder interests.

Positives

• The grant of RSUs to the CEO aligns his interests with those of the shareholders, incentivizing him to drive long-term value creation.

Risks

• The vesting of the RSUs is contingent upon Daly's continuous service with the company, creating a potential risk if he were to leave before the vesting dates.

Future Outlook

The document does not contain specific forward-looking statements regarding the company's financial performance or future prospects, but the RSU grants suggest an expectation of continued service and contribution from the CEO.

Industry Context

Stock awards are a common practice in the technology industry to attract, retain, and incentivize top executives. The size and vesting schedule of the award are typical for a CEO of a company of MACOM's size and stage.

Comparison to Industry Standards

• Stock awards for CEOs in the semiconductor industry typically range from 100% to 300% of their base salary.
• Vesting schedules are usually over a 3-4 year period, aligning with long-term performance goals.
• Companies like Analog Devices, Texas Instruments, and Skyworks Solutions also utilize stock awards as part of their executive compensation packages.

Stakeholder Impact

• Shareholders: The RSU grant aligns the CEO's interests with those of the shareholders, incentivizing him to increase shareholder value.
• Employees: The grant could have a positive impact on employee morale, as it signals the company's commitment to its leadership.

Key Dates