Form 4: MACOM Technology Solutions Holdings Executive Sells Shares to Cover Tax Obligations

Wayne Mack Struble, SVP at MACOM Technology Solutions Holdings, sold shares to cover tax obligations related to vesting restricted stock units.

Summary

• On August 2, 2024, Wayne Mack Struble, SVP of Advanced Semiconductor at MACOM Technology Solutions Holdings, Inc., disposed of 547 shares of common stock.
• The shares were sold at a price of $97.13 per share.
• This transaction was executed to satisfy the reporting person's tax withholding obligations in connection with the vesting of restricted stock units.
• Following the transaction, Struble directly owns 15,426 shares of MACOM Technology Solutions Holdings, Inc.

Sentiment

Score: 5

Explanation: This is a neutral event. An executive selling shares to cover taxes is a normal part of compensation and doesn't necessarily reflect a positive or negative view of the company's future.

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. It does not necessarily indicate a negative outlook on the company.

Stakeholder Impact

• The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to have a significant effect on the stock price given the relatively small number of shares involved.

Key Dates