Form 4: MaxLinear CFO Steven Litchfield Reports Stock Transactions
SEC Filing
Steven Litchfield, CFO of MaxLinear, reports acquisition and disposal of common stock and restricted stock units on February 20, 2025.
Summary
- Steven Litchfield, the Chief Financial Officer and Chief Corporate Strategy Officer of MaxLinear, filed a Form 4 detailing changes in beneficial ownership of MaxLinear, Inc. [MXL] securities.
- On February 20, 2025, Litchfield acquired 3,170 shares of common stock related to the Executive Incentive Bonus Plan.
- He also acquired 28,945 shares of common stock through the vesting of restricted stock units.
- Litchfield disposed of 30,247 shares of common stock at a price of $17.19.
- He also acquired 2,899 and 26,046 restricted stock units.
- Following these transactions, Litchfield directly owns 411,740 shares of common stock and 153,570 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency to investors regarding insider activity.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/20/2025 | Date of earliest transaction: acquisition and disposal of common stock and restricted stock units. |
| 02/20/2027 | Date on which certain restricted stock units will be fully vested. |
| 02/20/2028 | Date on which certain restricted stock units will be fully vested. |
| 02/24/2025 | Date of signature on the Form 4 filing. |
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