Form 4: Magnachip Semiconductor Officer Yang Jinseok Reports Stock Transactions
SEC Form 4 Filing
Officer Yang Jinseok of Magnachip Semiconductor reports acquisition and disposal of common stock related to vesting of restricted stock units.
Summary
- On March 1, 2025, Yang Jinseok, an officer at Magnachip Semiconductor, acquired 7,000 shares of common stock at a price of $4.54 per share due to the vesting of financial performance-based restricted stock units.
- On the same day, Yang Jinseok disposed of 3,167 shares of common stock at $4.54 per share to cover tax withholding obligations.
- Following these transactions, Yang Jinseok beneficially owns 70,742 shares of Magnachip Semiconductor common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in the semiconductor industry.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but it's primarily related to executive compensation.
Key Dates
| Date | Description |
|---|---|
| 06/01/2024 | Date of grant for financial performance-based restricted stock units. |
| 03/01/2025 | Date of stock acquisition and disposal. |
| 03/04/2025 | Date of signature for the Form 4 filing. |
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