Form 4: MagnaChip Semiconductor CFO Shin Young Park Reports Stock Disposals for Tax Obligations
SEC Form 4 Filing
Shin Young Park, CFO of MagnaChip Semiconductor, reported the disposal of common stock to cover tax withholding obligations related to vesting shares.
Summary
- On December 31, 2024, Shin Young Park, CFO of MagnaChip Semiconductor, disposed of shares of common stock to cover tax withholding obligations.
- The disposals were related to the vesting of shares awarded on February 28, 2022, February 16, 2023, and June 1, 2024.
- A total of 2,445 shares were withheld at a price of $4.02 to cover taxes on the vesting of 5,000 shares awarded on February 28, 2022.
- An additional 6,117 shares were withheld at $4.02 to cover taxes on the vesting of 12,508 shares awarded on February 16, 2023.
- Finally, 12,225 shares were withheld at $4.02 to cover taxes on the vesting of 25,000 shares awarded on June 1, 2024.
- Following these transactions, Park directly owns 131,576 shares of MagnaChip Semiconductor.
- The report was filed on January 3, 2025.
Sentiment
Score: 5
Explanation: This is a neutral event related to standard executive compensation practices; it doesn't indicate positive or negative sentiment.
Industry Context
This is a routine Form 4 filing related to executive compensation and tax obligations, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 2022-02-28 | Date of original award of 5,000 shares of common stock. |
| 2023-02-16 | Date of original award of 12,508 shares of common stock. |
| 2024-06-01 | Date of original award of 25,000 shares of common stock. |
| 2024-12-31 | Date of transaction (stock disposal for tax withholding). |
| 2025-01-03 | Date of filing the Form 4. |
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