Form 4: MaxLinear Corporate Controller Connie Kwong Reports Stock Transactions

Connie H. Kwong, Corporate Controller & PAO of MaxLinear, Inc., reports the vesting and delivery of restricted stock units and associated tax withholding.

Summary

• On September 2, 2024, Connie H. Kwong, Corporate Controller & PAO of MaxLinear, Inc., reported transactions involving MaxLinear's common stock.
• These transactions included the vesting of 2,163 Restricted Stock Units (RSUs) and the subsequent delivery of 2,163 shares of common stock.
• Kwong also disposed of 2,163 shares to cover tax obligations at a price of $15.18 per share.
• Following these transactions, Kwong directly owns 52,870 shares of MaxLinear common stock and 4,252 Restricted Stock Units.
• The RSUs vest over time, contingent on continued service as defined in the 2010 Equity Incentive Plan.

Sentiment

Score: 5

Explanation: This is a neutral, regulatory filing detailing stock transactions. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders. This filing indicates routine compensation and tax-related transactions.

Comparison to Industry Standards

• Stock-based compensation is a common practice in the technology industry, including semiconductor companies like MaxLinear.
• Companies such as Broadcom, Qualcomm, and MediaTek also utilize RSUs as part of their compensation packages to align employee incentives with company performance.
• The vesting schedules and terms of these RSUs are generally comparable to industry standards, with vesting periods typically ranging from three to five years.

Stakeholder Impact

• The transactions have a minor dilutive effect on existing shareholders due to the issuance of new shares upon RSU vesting.
• The tax withholding transactions provide revenue to the government.
• The vesting of RSUs incentivizes the reporting person to continue contributing to the company's success.

Key Dates