Form 4: MaxLinear Director Albert J. Moyer Reports Stock Transactions
SEC Form 4 Filing
Director Albert J. Moyer of MaxLinear, Inc. reports the vesting and acquisition of 9,170 shares of common stock on May 1, 2024.
Summary
- On May 1, 2024, Albert J. Moyer, a director of MaxLinear, Inc., reported transactions involving the company's stock.
- Moyer acquired 9,170 shares of common stock through the vesting of restricted stock units (RSUs).
- The RSUs vested on May 1, 2024, representing a contingent right to receive one share of MaxLinear, Inc. Common Stock per RSU.
- Following the reported transaction, Moyer beneficially owns 69,822 shares of MaxLinear common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, so the sentiment is neutral.
Positives
- The vesting of RSUs indicates that Moyer has met certain performance or time-based milestones set by the company.
Industry Context
Form 4 filings are standard practice for company insiders (directors, officers, and 10% owners) to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects insider activity, but the number of shares involved is relatively small compared to the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 05/01/2024 | Date of transaction: vesting of restricted stock units and acquisition of common stock. |
| 05/03/2024 | Date of signature on the Form 4 filing. |
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