Form 4: MagnaChip Semiconductor Director Gilbert E. Nathan Acquires Shares and Reports Beneficial Ownership
SEC Form 4
Director Gilbert E. Nathan reports acquiring shares of MagnaChip Semiconductor and discloses beneficial ownership details.
Summary
- On June 15, 2024, Gilbert E. Nathan, a director of MagnaChip Semiconductor Corp, acquired 39,157 shares of common stock at a price of $0.00 per share.
- Following this transaction, Nathan directly owns 156,043 shares.
- Nathan also has indirect ownership through GT Investments II Corp (78,200 shares), his spouse (1,905 shares), and children (1,690, 1,675, and 1,860 shares respectively).
Sentiment
Score: 6
Explanation: Neutral sentiment as it's a standard regulatory filing. The acquisition itself is a positive sign, but the filing is simply a disclosure.
Positives
- The acquisition of shares by a director could be seen as a positive signal, indicating confidence in the company's future prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track confidence levels and potential alignment of interests.
Stakeholder Impact
- The disclosure of insider trading activity provides transparency to shareholders.
Key Dates
| Date | Description |
|---|---|
| 06/15/2024 | Date of transaction: Gilbert E. Nathan acquired shares of common stock. |
| 06/18/2024 | Date of signature by Attorney-in-Fact. |
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