Form 4: MaxLinear Corporate Controller Connie H. Kwong Reports Changes in Beneficial Ownership
SEC Form 4
Connie H. Kwong, Corporate Controller & PAO of MaxLinear, Inc., reports transactions involving common stock and restricted stock units, including acquisitions, disposals, and vesting, as detailed in a Form 4 filing.
Summary
- On March 4, 2024, Connie H. Kwong, Corporate Controller & PAO of MaxLinear, Inc., reported transactions involving MaxLinear's common stock and restricted stock units (RSUs).
- These transactions include the withholding of shares to satisfy tax obligations related to deferred shares from the 2023 performance period and the vesting of RSUs from 2021 and 2022.
- Kwong acquired 1,019 shares of common stock through the vesting of restricted stock units.
- She also disposed of 1,054 shares and 1,019 shares to cover tax withholding obligations at a price of $20.3 per share.
- Following these transactions, Kwong directly owns 43,726 shares of common stock and 4,018 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting transactions related to stock-based compensation. It doesn't inherently indicate positive or negative sentiment.
Positives
- The vesting of restricted stock units indicates a continued alignment of the reporting person's interests with the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency to investors regarding the transactions of company insiders.
Stakeholder Impact
- The transactions reported may have a minor impact on shareholders due to the change in ownership by a company officer.
Key Dates
| Date | Description |
|---|---|
| 02/20/2023 | First vesting date for 25% of 2,110 RSUs granted to the Reporting Person. |
| 02/22/2024 | Form 4 filed February 22, 2024, reporting performance-based restricted stock awards for the 2021 and 2022 fiscal years. |
| 02/20/2024 | Vesting date for 25% of 5,358 RSUs granted to the Reporting Person. |
| 03/04/2024 | Date of transactions involving common stock and restricted stock units. |
| 03/06/2024 | Date of signature for the Form 4 filing. |
| 02/20/2026 | Date when the 2,110 RSUs subject to the award will be fully vested. |
| 02/20/2027 | Date when the 5,358 RSUs subject to the award will be fully vested. |
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